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Achieving price stability in the euro zone: monetary or inflation targeting? MRPA Paper No. 23535, 2000

Peeters, H.M.M. (2000) Achieving price stability in the euro zone: monetary or inflation targeting? MRPA Paper No. 23535, 2000. UNSPECIFIED.

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    Abstract

    In this paper a small econometric model with model-consistent expectations is adopted for the euro zone to study monetary and inflation targeting. Similation results show that the ’costs’ in terms of inflation and economic growth volatility are by and large lowest in case of inflation targeting. Some attention is finally drawn to asymmetric shocks.

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    Item Type: Other
    Additional Information: There was no date of publication on this document. I chose 2000 as the publication date based on references cited.
    Uncontrolled Keywords: Monetary targeting; inflation targeting; euro zone.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 24 Nov 2011 14:08
    Number of Pages: 34
    Last Modified: 24 Nov 2011 14:08
    URI: http://aei.pitt.edu/id/eprint/32991

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