Gupta, Rangan; Stander, Lardo - Department of Economics, Faculty of Economic and … - 2014
- specifically lagged capital inputs - and an inflation targeting monetary authority, and analyses the growth dynamics that emerge … around the high-growth equilibrium in the growth path where the monetary authority follows a high inflation targeting regime …. Conversely, when the monetary authority follows a low inflation targeting regime, oscillations do not occur around either the low …