The Evolution of the Fed's Inflation Target in an Estimated Model under RE and Learning

This paper aims to infer the evolving Fed's inflation target by estimating a monetary model under the assumptions of RE and learning. The results emphasize how different assumptions about expectations may have important effects on the inferred target movements.

MoreLess

Year of publication:	2006-09
Authors:	Milani, Fabio
Institutions:	Department of Economics, University of California-Irvine
Subject:	Time-varying inflation target \| Learning \| Expectations \| Bayesian estimation

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 060704 11 pages
Classification:	E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004970917