% WARNING: This file may contain UTF-8 (unicode) characters. % While non-8-bit characters are officially unsupported in BibTeX, you % can use them with the biber backend of biblatex % usepackage[backend=biber]{biblatex} @techreport{NBERw5962, title = "Inflation Targeting: Some Extensions", author = "Svensson, Lars E. O", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "5962", year = "1997", month = "March", doi = {10.3386/w5962}, URL = "http://www.nber.org/papers/w5962", abstract = {Previous analysis of the implementation of inflation targeting is extended to monetary policy responses to different shocks, consequences of model uncertainty, effects of interest rate smoothing and stabilization, a comparison with nominal GDP targeting, and implications of forward-looking behavior. Model uncertainty, output stabilization, and interest rate stabilization or smoothing all call for a more gradual adjustment of the conditional inflation forecast toward the inflation target. The conditional inflation forecast is the natural intermediate target during inflation targeting.}, }