Public opinion on policy interventions for regulating four unhealthy commodity industries: a cross-sectional online survey of a representative sample of British adults 2023. [PDF]
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Abstract In the backdrop of rising inflationary numbers and a grim economic perspective, the RBI, in its MPC meeting on 4– 6 August 2020, had decided to leave the repo rate and reverse repo rate unchanged at 4% and 3.35%, respectively. The RBI maintained that its stance on the monetary policy was ‘accommodative’ as had been the case even
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LEARNING THE INFLATION TARGET [PDF]
We propose a framework in which expectations have a rational and a learning component. We describe a solution method for these frameworks and provide an application to the Volcker disinflation with the New Keynesian model. Although the model with rational expectations does not seem to account for this episode, results improve when a small and ...
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Inflation to target : what inflation to target? [PDF]
This paper derives a central bank's objective function and optimal policy rule for an economy with both CPI and PPI inflation rates. It implements constrained-optimal policy rules with minimal information requirement, and evaluates the robustness of these simple rules when the central bank may not know the exact sources of shocks or nominal rigidities.
Huang, Kevin X. D., Liu, Zheng
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Inflation Targeting and Inflation Uncertainty [PDF]
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