The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound?

Review of Economic Studies - Tập 79 Số 4 - Trang 1371-1406 - 2012
Olivier Coibion1, Yuriy Gorodnichenko2, Josef Wieland3
1College of William and Mary and NBER
2University of California Berkeley, NBER, and IZA
3University of California, Berkeley

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