Marinas, Marius-Corneliu; Zoican, Marius Andrei - In: Theoretical and Applied Economics 10(527) (2008) 10(527), pp. 17-30
The purpose of this paper is to analyse the characteristics of an inflation targeting strategy, using the Barro-Gordon model specific tools. This paper uses the initial Barro-Gordon concepts of inflationary social costs and benefits, adding a new dimension generated by the cost of output...