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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
Volume103
Year2001
Issue1
Pages119-126
ISSN0347-0520
FacultyFaculty of Economics and Business
Institute/dept.FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM)
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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