Bullard, James Brian (contributor); Singh, Aarti (contributor) - 2007 - Rev.
, (17)
where the deviation of consumer price inflation from target in country j is
π
C
j,t
= π
j
t
+
n
X
i=1,i6=j
γ
i
∆s
j … policy rule studied by Bullard and Mitra (2006), the central bank
targets domestic inflation, which would correspond to … model, would be producer price inflation. We have, more realistically,
included consumer price inflation in the monetary …