Optimal horizons for inflation targeting

被引：33
作者：
Batini, N
Nelson, E
机构：
[1] Bank England, Monetary Assessment & Strategy Div, Monetary Anal, London EC2R 8AH, England
[2] Bank England, Monetary Pol Comm Unit, London EC2R 8AH, England
来源：
JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 2001年 / 25卷 / 6-7期
关键词：
inflation targeting; horizon; optimal policy rules; simple feedback rules; target;
D O I：
10.1016/S0165-1889(00)00060-9
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper we investigate the problem of selecting an optimal horizon for inflation targeting in the United Kingdom. Since there are two key ways of thinking about an optimal horizon, we look at optimal horizons for both of these interpretations. In addition, to see whether our results are robust in the face of model uncertainty, we compute optimal horizons for two different models with divergent structural and dynamic characteristics. (C) 2001 Elsevier Science B.V. All rights reserved.
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页码：891 / 910
页数：20
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