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pro vyhledávání: '"RONALD HILLBRECHT"'
Autor:
RONALD HILLBRECHT
Publikováno v:
Brazilian Journal of Political Economy, Vol 19, Iss 4, Pp 705-717 (2022)
ABSTRACT A political economy model is developed to provide a rationale of monetary policy in high inflation regimes, such as the Brazilian experience until the advent of the Plano Real. Decision making of monetary policy is assumed to be decentralize
Externí odkaz:
https://doaj.org/article/8bf74461feca4a85a6418d95fe8964a3
Autor:
Ronald Hillbrecht
Publikováno v:
Economia Aplicada, Vol 2, Iss 4 (1998)
Inflation targeting is a framework for monetary policy, that has recently been implemented in some developed nations. In this article, it is shown that one can interpret inflation targeting cum penalties as equivalent to the optimal linear contract.
Externí odkaz:
https://doaj.org/article/6666327f65054a53a1d3f476a8fc3883