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Changes in Inflation Dynamics under Inflation Targeting? Evidence from Central European Countries
- 1.0395372 - ÚTIA 2014 CZ eng J - Journal Article
Baxa, Jaromír - Plašil, M. - Vašíček, B.
Changes in Inflation Dynamics under Inflation Targeting? Evidence from Central European Countries.
Economic Research Bulletin. Roč. 11, č. 1 (2013), s. 2-5. ISSN 1803-7089
Institutional support: RVO:67985556
Keywords : Inflation Dynamics * Inflation Targeting?
Subject RIV: AH - Economics
http://library.utia.cas.cz/separaty/2013/E/baxa-0395372.pdf
Understanding the nature of short-term inflation dynamics poses a major challenge for monetary policy. The traditional Phillips curve postulated that there is a stable trade-off between inflation and economic activity. Consequently, taming inflation was deemed to be costly in terms of output loss.
Permanent Link: http://hdl.handle.net/11104/0223474
Number of the records: 1