Price-level targeting : an omelette that requires breaking some inflation-targeting eggs?

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Borradores de Economía; No. 783
Date published
2013-09-20
Date of last update
2013-09-20
Author
Acuña-Roa, Luisa F.
Parra-Polanía, Julián Andrés
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
This paper can be divided into two main parts. The first one, using a simple example by Minford (2004) and Hatcher (2011), gives the reader a basic introduction to understand the comparison between two monetary-policy regimes: Inflation Targeting (IT) and
JEL Codes
E58 - Central Banks and Their PoliciesE52 - Monetary Policy
Keywords
Inflation targeting ; Price-level targeting ; Indexation ; Macroeconomic stability ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5923
https://hdl.handle.net/20.500.12134/5923
https://doi.org/10.32468/be.783
https://ideas.repec.org/p/bdr/borrec/783.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit