Is the wage rate the real anchor of the inflation targeting monetary policy framework?
N umerous central banks ( cb s) focus on controlling the nominal interest rate ( i ) to sway the price level and meet the inflation target ( π o ) nowadays (Taylor, 1993; Bernanke et al. , 1999; Woodford, 2003). The i is taken to be the anchor for a low and stable rate of inflation in an open...
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| Pubblicato in: | Investigación Económica |
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| Autori principali: | , |
| Natura: | Artigo |
| Lingua: | Inglês |
| Pubblicazione: |
Universidad Nacional Autónoma de México
2017
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| Accesso online: | https://www.redalyc.org/articulo.oa?id=60155350002 |
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