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Query: faculty: "FEB" and publication year: "2001"

AuthorsR.M.W.J. Beetsma, L. Bovenberg
TitleWhen does an inflation target yield the second best?
JournalScandinavian Journal of Economics
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
KeywordsInflation; Monetary policy
AbstractIt is shown that an inflation target does not establish the second best if the central bank is independent and the government collects seigniorage revenues. To eliminate excessive inflation and ensure that stabilization is efficient, society should combine an optimal inflation target with a central bank that attaches less weight to inflation stabilization than the public does.
Document typeArticle
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