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Optimal Horizons for Inflation Targeting

Nicoletta Batini and Edward Nelson

No 103, Working Paper Series from Sveriges Riksbank (Central Bank of Sweden)

Abstract: In this paper we investigate the problem of selecting an optimal horizon for inflation targeting in the United Kingdom. Since there are two key ways of thinking about an optimal horizon, we look at optimal horizons for both of these interpretations. In addition, to see whether our results are robust in the face of model uncertainty, we compute optimal horizons for two different models with divergent structural and dynamic characteristics.

Keywords: Inflation targeting; Horizon; Optimal policy rules; Simple feedback rules; Target (search for similar items in EconPapers)
JEL-codes: E37 E52 E58 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2000-02-01
New Economics Papers: this item is included in nep-cba and nep-mon
References: Add references at CitEc
Citations: View citations in EconPapers (35)

Published in Journal of Economic Dynamics and Control, 2001, pages 891-910.

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Related works:
Journal Article: Optimal horizons for inflation targeting (2001) Downloads
Working Paper: Optimal horizons for inflation targeting (2000) Downloads
Working Paper: Optimal Horizons for Inflation Targeting (1999) Downloads
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