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Uncovering the Hit List for Small Inflation Targeters: A Bayesian Structural Analysis

Kam, Timothy; Lees, Kirdan; Liu, Philip

Description

We estimate underlying structural macroeconomic policy objectives of three of the earliest explicit inflation targeters within the context of a small open economy dynamic stochastic general equilibrium model. We assume central banks set policy optimally,

CollectionsANU Research Publications
Date published: 2009
Type: Journal article
URI: http://hdl.handle.net/1885/27232
Source: Journal of Money, Credit and Banking
DOI: 10.1111/j.1538-4616.2009.00224.x

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