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- W331689673 abstract "The purpose of this short paper is to show that inflation “band” targeting can solve the “time inconsistency” problem that exists under inflation “point” targeting by setting a relevant target range.Moreover, we show that inflation band targeting has the following two advantages, besides allowing for supply-shock measurements.1) It can produce output beyond natural levels, by setting the inflation rate within a target range and creating unexpected inflation. 2) It can mitigate inflation bias and help achieve a socially desirable inflation rate." @default.
- W331689673 created "2016-06-24" @default.
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- W331689673 date "2012-01-01" @default.
- W331689673 modified "2023-09-23" @default.
- W331689673 title "Inflation Band Targeting for a Solution to the Time Inconsistency Problem" @default.
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- W331689673 doi "https://doi.org/10.2139/ssrn.2056775" @default.
- W331689673 hasPublicationYear "2012" @default.
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