RDP 2015-09: Inflation Targeting: A Victim of Its Own Success?
Equation
F
t
S
e
p
π
t
+
h
−
F
t
M
a
r
π
t
+
h
=
α
h
+
β
h
(
F
t
S
e
p
π
t
−
F
t
M
a
r
π
t
)
+
ε
t
+
h
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOramaaDa aaleaacaWG0baabaGaam4uaiaadwgacaWGWbaaaOGaeqiWda3aaSba aSqaaiaadshacqGHRaWkcaWGObaabeaakiabgkHiTiaadAeadaqhaa WcbaGaamiDaaqaaiaad2eacaWGHbGaamOCaaaakiabec8aWnaaBaaa leaacaWG0bGaey4kaSIaamiAaaqabaGccqGH9aqpcaaMc8UaeqySde 2aaSbaaSqaaiaadIgaaeqaaOGaey4kaSIaeqOSdi2aaSbaaSqaaiaa dIgaaeqaaOWaaeWaaeaacaWGgbWaa0baaSqaaiaadshaaeaacaWGtb GaamyzaiaadchaaaGccqaHapaCdaWgaaWcbaGaamiDaaqabaGccqGH sislcaWGgbWaa0baaSqaaiaadshaaeaacaWGnbGaamyyaiaadkhaaa GccqaHapaCdaWgaaWcbaGaamiDaaqabaaakiaawIcacaGLPaaacqGH RaWkcqaH1oqzdaWgaaWcbaGaamiDaiabgUcaRiaadIgaaeqaaaaa@69D5@