Cahier 22 2001 the inflation bias when the central bank targets

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• Employabilité, métiers et formations

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• Publié par: englue
• Nombre de lectures: 299
• Langue: Français
• Poids de l'ouvrage: 1 Mo

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CAHIER 22-2001     THE INFLATION BIAS WHEN THE CENTRAL BANK TARGETS THE NATURAL RATE OF UNEMPLOYMEN     Francisco J. RUGE-MURCIA  

             

CAHIER 22-2001     THE INFLATION BIAS WHEN THE CENTRAL BANK TARGETS THE NATURAL RATE OF UNEMPLOYMENT     Francisco J. RUGE-MURCIA 1      

Centre de recherche et développement en économique (C.R.D.E.) and Département de sciences économiques, Université de Montréal

October 2001

  1                                                   _______________________   This project was started while the author was visiting research fellow at the Bank of Spain in the spring of 2000. The author wishes to thank two anonymous referees for their comments and the Bank of Spain for its hospitality. Financial support from the Social Sciences and Humanities Research Council and the Fonds pour la formation de chercheurs et l'aide à la recherche is gratefully acknowledged.