Svensson, Lars E. O. - 2007 - Rev.
does not seem to matter
in practice: a central bank with a target range seems to aim for the middle of the range,
and the …-targeting central banks
(‘central bank’ is used as the generic name for monetary authority) not only aim at
stabilizing inflation …
‘target variables’ of the central bank include not only inflation but other variables as well,
such as the output gap. The …