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Changes in Inflation Dynamics under Inflation Targeting? Evidence from Central European Countries

Journal Article

Baxa Jaromír, Plašil M., Vašíček B.

serial: Economic Research Bulletin vol.11, 1 (2013), p. 2-5

keywords: Inflation Dynamics, Inflation Targeting?

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abstract (eng):

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.


bocek: 2012-12-21 16:10