Apergēs, Nikolaos; Miller, Stephen M.; Panethimitakis, … - 2005
approach is to think through three hypothetical scenarios of inflation targeting by
the EU countries and use the thought …)
where π denotes inflation, π
e
denotes expected inflation, and θ denotes a real
disturbance term (cost-push shock … overall price indices reflect every
shock impinging on the economy, which turns the implementation of an efficient
inflation …