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@techreport{NBERw8925,
 title = "Inflation Targeting: Should It Be Modeled as an Instrument Rule or a Targeting Rule?",
 author = "Svensson, Lars E.O.",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "8925",
 year = "2002",
 month = "May",
 doi = {10.3386/w8925},
 URL = "http://www.nber.org/papers/w8925",
 abstract = {The paper discusses how current inflation targeting should be modeled, and argues that it is better represented as a commitment to a targeting rule (a rule specifying operational objectives for monetary policy or a condition for the target variables), than as a commitment to a simple instrument rule (like a Taylor rule).},
}