Byrne, Joseph P. (contributor); Davis, E. Philip (contributor) - 2002 - [Elektronische Ressource]
choice
was based on the wider economic significance of the CPI and status as a target of monetary policy.
15
In … implication is that
the impact of monetary policy takes place via output and also (when included) Tobin’s Q. We
also acknowledge …, there is
some indication of a negative effect from inflation. The implications of unconditional volatility for monetary …