The role of the "Maximizing Output Growth Inflation Rate" in monetary policy

Dominique Pépin ()

Working Papers from HAL

Abstract: The paper discusses the role of monetary policy when potential output depends on the inflation rate. If the intention of the central bank is to maximize actual output growth, then it has to be credibly committed to a strict inflation targeting rule, and to take the MOGIR (the Maximizing Output Growth Inflation Rate) as the target.

Keywords: Inflation targeting; Monetary policy rules (search for similar items in EconPapers)
Date: 2004
Note: View the original document on HAL open archive server: https://hal.science/hal-00965020
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Working Paper: The role of the "Maximizing Output Growth Inflation Rate" in monetary policy (2014)
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