Average inflation targeting: welfare and fiscal multiplier
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DOI: 10.1017/s1365100525100527
Abstract: Abstract This paper examines the effects of average inflation targeting (AIT) on social welfare and fiscal multipliers under varying averaging windows using a nonlinear New Keynesian model. While the existing literature highlights AIT’s advantages over… read more here.
Keywords: ait; welfare fiscal; average inflation; inflation ... See more keywords