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benefits and limitations of central bank communications in a model of imperfect knowledge and learning. It is shown that the …
Persistent link: https://www.econbiz.de/10010321593
Inflation targets come in different shapes and sizes. We explore the choice of a point or band target for inflation in a stylised economy in which agents learn about the inflation-generating process. We simulate under two conditions, namely i) a point inflation target and ii) a band inflation...
Persistent link: https://www.econbiz.de/10012654436