Optimal control theory for inflation targeting

We make a case for the usefulness of an optimal control approach for the central banks' choice of interest rates in inflation target regimes. We illustrate it with data from selected developed and emerging countries with longest experience of inflation targeting.

MoreLess

Year of publication:	2008-04-20
Authors:	Silva, Sergio Da ; Meurer, Roberto ; Veloso, Thiago
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 3.2008, 24, p. 1-14
Publisher:	AccessEcon

More details

Extent:	application/pdf
Type of publication:	Article
Classification:	C6 - Mathematical Methods and Programming ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010629400