Honkapohja, Seppo (contributor); Mitra, Kaushik (contributor) - 2003 - [Elektronische Ressource]
Performance of Inflation Targeting Based On
Constant Interest Rate Projections
∗
Seppo Honkapohja
University of … terms of a target level
of inflation, a fixed time horizon and a constant interest rate that
is anticipated to achieve the … target at the specified horizon. These
requirements lead to constant interest rate (CIR) instrument rules.
Using the standard …