Results 1 - 1 of 1 for recession [Author: Dale W. Henderson]
Is Inflation Targeting Best-Practice Monetary Policy? - Review
The authors systematically analyze whether inflation targeting constitutes “best practice” monetary policy. They note that the inflation targeting perspective is bolstered by the now nearly universally accepted fact that there is no long-run Phillips curve trade-off of the traditional variety.
research.stlouisfed.org/.../review/2004/07/01/is-inflation-targeting-best-practice-monetary-policy
follow @stlouisfed