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Details for article 25 of 198 found articles
| Title: |
A quantitative analysis of cost-push shocks and optimal inflation volatility |
| Author: |
Senay, Ozge Sutherland, Alan |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 15 (2008) nr. 10 pages 753-757 |
| Year: |
2008-08 |
| Contents: |
This article presents a quantitative analysis of optimal inflation volatility in a simple sticky-price general equilibrium model subject to both supply and cost-push shocks. It is found that optimal policy implies a relatively small degree of inflation volatility even when cost-push shocks are the dominant source of economic disturbance. In addition, it is found that optimal policy generates only a very small welfare gain when compared to strict inflation targeting. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 25 of 198 found articles
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