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Learning about the term structure and optimal rules for inflation targeting

Tesfaselassie, Mewael F.; Schaling, Eric; Eijffinger, … - 2006

In this paper we incorporate the term structure of interest rates in a standard inflation forecast targeting framework.We find that under flexible inflation targeting and uncertainty in the degree of persistence in the economy, allowing for active learning possibilities has effects on the...

Persistent link: https://www.econbiz.de/10010273990

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Geldpolitik und die Frage, wer die endgültige Verantwortung für die Geldpolitik trägt. Das Papier zeigt auf, dass die …

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Learning about term structure and optimal rules for inflation targeting

Tesfaselassie, Mewael F.; Schaling, Eric; Eijffinger, … - 2006

In this paper we incorporate the term structure of interest rates in a standard inflation forecast targeting framework. We find that under flexible inflation targeting and uncertainty in the degree of persistence in the economy, allowing for active learning possibilities has effects on the...

Persistent link: https://www.econbiz.de/10010332701