The Range of Equilibria, Inflation Targeting and the Non-Inflationary Expansion
This paper shows how using inflation targeting to set monetary policy can facilitate a non-inflationary expansion, that is a permanent increase in aggregate activity without causing an increase in the rate of inflation.
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|Date of creation:||2001|
|Contact details of provider:|| Postal: UNIVERSITY OF TASMANIA, DEPARTMENT OF ECONOMICS, HOBART TASMANIA 7001 AUSTRALIA.|
Phone: +61 3 6226 7672
Fax: +61 3 6226 7587
Web page: http://www.utas.edu.au/economics-finance/
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