Inflation targeting as a monetary policy rule
Article Abstract:
Inflation targeting was discussed in the context of monetary policy rules focusing on the concept that inflation targeting can be understood as a targeting rule that should minimize a loss function containing concerns on real economic stability. Another point in the discussion is the concept that the targeting rule can also be used as an intermediate-targeting rule wherein the inflation forecast and output-gap forecast are used as the intermediate target variable.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1999
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Swedish business cycles: 1861-1988
Article Abstract:
An analysis of Swedish business cycles is presented. The analysis focuses on data from 1861-1988 and covers both time and frequency domains. It is shown that a business cycle of substantial mass form occurs between three and eight years. Changes in the series followed variations over time and exhibited peaks during the inter-war period. In addition, relative variability remained fairly stable over time.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1992
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Comment on: The future of monetary aggregates in monetary policy analysis
Article Abstract:
The four questions presented by Ed Nelson are answered. The definition of the quantity theory (QT) is discussed and the meaning of "always and everywhere a monetary phenomenon" (AEMP) is examined as also the role of money in the transmission mechanism of monetary policy is scrutinized.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2003
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