Optimal monetary policy under inflation targeting based on an instrument rule.
type: Item
instance of: scholarly article
title: Optimal monetary policy under inflation targeting based on an instrument rule.
zbMATH Open document ID: 1036.91039
DOI: 10.1016/S0165-1765(02)00175-1
author: Alfred V. Guender
published in: Economics Letters
publication date: 2003-01-22T00:00:00Z
review text: This paper appends an instrument rule to a simple stochastic macroeconomic model and examines the optimal setting of the policy parameter under inflation targeting. It is shown that the size of the policy parameter depends on the sources of uncertainty, the policymaker's preferences, and both parameters of the model.
Mathematics Subject Classification ID: 91B64
zbMATH DE Number: 1857194
zbMATH Keywords: Optimal monetary policy
zbMATH Keywords: Inflation targeting
zbMATH Keywords: Instrument rule
MaRDI profile type: Publication
full work available at URL: s0165-1765(02)00175-1
OpenAlex ID: W1967184880
description: scientific article; zbMATH DE number 1857194