Parcourir Faculté des arts et des sciences – Département de sciences économiques par sujet "E3, E5"
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Do Inflation-Targeting Central Banks Implicitly Target the Price Level?
(Université de Montréal. Département de sciences économiques., 2009-12)This paper reports graphical and statistical evidence that the inflation targeting regimes in Canada and the UK - but not in Australia, New Zealand, or Sweden - actually resemble price-level targeting. In particular, the price level closely tracks the ...