SALLE, Isabelle; SENEGAS, Marc-Alexandre; YILDIZOGLU, Murat - Groupe de Recherche en Économie Théorique et … - 2013
This paper revisits the benefits of explicitly announcing an inflation target for the con- duct of monetary policy in the framework of an agent-based model (ABM). This framework offers a flexible tool for modeling heterogeneity among individual agents and their bounded rationality, and to...