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

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Authors

Kam, Timothy
Lees, Kirdan
Liu, Philip

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Ohio State University Press

Abstract

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,

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Journal of Money, Credit and Banking

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Restricted until

2037-12-31