INFLATION TARGETING, CREDIT FLOWS, AND FINANCIAL STABILITY IN A REGIME CHANGE MODEL
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DOI: 10.1017/s136510051700102x
Abstract: Recent papers point to the problem that inflation-targeting models do not as of yet consider financial market stability that can considerably derail inflation-targeting monetary policy, implying significant nonzero crisis probabilities that could come along with… read more here.
Keywords: regime; credit flows; model; inflation targeting ... See more keywords