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The role of the "Maximizing Output Growth Inflation Rate" in monetary policy by Pepin, Dominique is a scholarly article available to read on EtoBox.

What is The role of the "Maximizing Output Growth Inflation Rate" in monetary policy about?

The paper discusses the role of monetary policy when potential output depends on the inflation rate. If the intention of the central bank is to maximize actual output growth, then it has to be credibly committed to a strict inflation targeting rule, and to take the MOGIR (the Maximizing Output Growth Inflation Rate) as the target.

Author

Pepin, Dominique

Published

2014

Language

EN