://english.mnb.hu/Kiadvanyok/mnben_mnbfuzetek/mnben_elozo/mnben_WP_2010_8 This paper provides a comprehensive analysis of the relative performance of inflation targeting, price level … targeting, and hybrid targeting of them in a simple three-period steady state to steady state economy facing transmission lag …

targets. Although both policies impart inertia into central bank actions, wage targeting dominates price level targeting …

regimes: unconstrained policy, price-level targeting and inflation targeting, are compared when there is a shock to the … nominal interest rate, if prices are sticky enough and the persistence of the shock is large enough. However, price-level … targeting might be preferable to inflation targeting if prices are more flexible and the relative weight for the volatility of …

effects of long run inflation risk are assessed under two monetary regimes: inflation targeting (IT) and price-level targeting …

long-term government debt is studied under two monetary policy regimes: inflation targeting (IT) and price-level targeting …

policy in a baseline ‘new Keynesian’ model and study two targeting regimes --- price-level targeting and nominal income … performs better than price level targeting in bringing down the volatility of real output in almost all the specifications of …

targeting (IT) to price level targeting. This paper provides a comparative analysis on IT strategy and targeting the price level … by following a potential price-level targeting strategy and the necessary prerequisites for its functionality (predictive … led us to the conclusion that there is no common acceptance that price level targeting strategy might replace the present …