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Open-Economy Inflation-Forecast Targeting
by: samanta, 33 pagesThis paper extends previous research on simple inflation-forecast targeting by considering its effect in the open economy. It discusses the effect of the forecast-targeting horizon on interest rates ...
Monetary policy with model uncertainty: distribution forecast targeting
by: samanta, 84 pagesWe examine optimal and other monetary policies in a linear-quadratic setup with a relatively general form of model uncertainty, so-called Markovjump-linear-quadratic systems extended to include ...
