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central bank intertemporal budget constraint
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flexible inflation targeting
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Buiter, Willem H.
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How Robust is the New Conventional Wisdom? The Surprising Fragility of the Theoretical Foundations of Inflation Targeting and Central Bank Independence
Buiter, Willem H.
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C.E.P.R. Discussion Papers
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2006
by the
central
bank
's
intertemporal
budget
constraint
. Price stability, or an externally imposed inflation target, may …
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