- Inflation targeting🔍
- A Theory of Dynamic Inflation Targets🔍
- Inflation targeting vs price|level targeting🔍
- Does inflation targeting matter? A reassessment🔍
- The Past and Future of Inflation Targeting🔍
- Why the Fed should lift its 2% inflation target🔍
- On Robustness of Average Inflation Targeting🔍
- Policy Brief 19|16🔍
The Theory of Average Inflation Targeting
Inflation targeting: A time-frequency causal investigation - PMC
Controlling inflation with the help of interest rates has become the only goal of many Central Banks during the previous few decades [26] ...
A Theory of Dynamic Inflation Targets
A dynamic inflation target implements the full-information commitment allocation. The central bank is delegated the authority to adjust the target's level and ...
Inflation targeting vs price-level targeting: A new survey of theory ...
By contrast, inflation targeting aims for average (i.e. on-target) inflation in future years regardless of the level of current inflation (see ...
Does inflation targeting matter? A reassessment: Applied Economics
However, if each central bank has a constant inflation target, the difference between average-squared deviations from average inflation and average-squared ...
The Past and Future of Inflation Targeting: Klaus Schmidt-Hebbel ...
However, variable annual inflation targets limit severely the conduct of monetary policy during the transition toward low stationary targets and inflation ...
Why the Fed should lift its 2% inflation target - RSM US
For instance, while inflation has been centered on 2.5% per year since 2010, a buy-and-hold equity-market strategy has grown at an average ...
There are concerns regarding ro- bustness of AIT in a New Keynesian model with learning agents. The target steady state may not be robustly stable under ...
Policy Brief 19-16: Average Inflation Targeting Would Be a Weak ...
The crucial innovation of AIT is that when infla- tion has been running below the target rate, it would have the Fed aim for above-target ...
Price-level targeting: how inflation-focused central banks can ...
A better alternative in a world of low interest rates is to replace the inflation target with a price-level target. The difference is small but significant.
The Fed Has Targeted 2% Inflation. Should It Aim Higher?
After raising interest rates again, the Federal Reserve will soon have to consider how much pain it is willing to inflict in its fight against ...
On the measurement dimension, most central banks use the consumer price index (CPI), a weighted basket of goods reflecting the average consumer.2 Selected ...
The Fed Thinks Its Job Will Be Done at 2% Inflation. Its Policies ...
The new strategy, called “flexible average inflation targeting,” was intended to allow the Fed to tolerate higher inflation temporarily. We ...
Why target 2% inflation over 0% inflation? : r/AskEconomics - Reddit
But, if the long-term inflation rate is 2% then the nominal interest interest rate will come out at 3% on average. By this theory the choice of ...
Is 2% Really the Right Inflation Target for Central Banks?
Confidence in the long-run price level streamlines much economic, financial, and monetary activity. The corresponding low interest rates allow ...
Despite High Inflation, Longer-Term Inflation Expectations Remain ...
The Federal Reserve's long-run 2 percent inflation target is intended to prevent periods of high inflation from becoming embedded in ...
The inflation target is set in a way that allows the convergence of actual inflation rates to the medium-term inflation rate without ...
What's Next for the Fed? Find Out December 2 | The Daily Economy
Enter FAIT. Unlike the Fed's previous monetary framework — a symmetric inflation targeting around 2 percent — the “average” in FAIT allowed for ...
When Low Interest Rates Cause Low Inflation - Intereconomics
Indeed, central banks have had a hard time reaching their inflation targets. ... In order to stabilise inflation in the medium term, higher equilibrium real ...
Price Level Targeting vs. Inflation Targeting: A Free Lunch?
If the output-gap target is positive, the average inflation bias is positive. The unconditional variance of inflation is proportional to the unconditional ...
Exchange Rate Targeting Versus Inflation Targeting - Sciendo
During 1997-2011, average inflation expectations in. Sweden were close to the inflation target of 2 percent, whereas average inflation fell short of the target ...