Inflation targeting: what inflation rate to target?

Article Abstract:

A method for identifying an optimal monetary policy for central banks is presented. This monetary policy targets an optimal level of inflation. In this context, cost of living index (CPI), cost of production index (PPI), and interest rates, are also discussed.

Government expenditures, Economic policy, Central banks

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Does trade openness matter for aggregate instability?

Article Abstract:

The effect of international trade on the stability of a small open economy is analyzed when inflation-targeting interest policies are adopted in such economies. A cash-in-advance model is used for ascertaining the effect.

Germany, International trade, Equilibrium (Economics), Open economy, Economic disequilibrium

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Sellers' local currency pricing or buyers' local currency pricing: does it matter for international welfare analysis?

Article Abstract:

Monetary shocks cause large relative price changes. The international welfare effects of monetary policy shocks in the context of a two country frame work with vertical production and trade are examined.

China, Commodity & service prices, Economic aspects, Prices and rates, Vertical markets, Company pricing policy

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