Policies on Stabilizing Inflation Targeting in a Multi-region Economy

摘要：

This article constructs a multi-region optimizing model, and shows that the central bank should stabilize an optimal inflation index in which the weight of a region depends on the degree of its nominal stickiness, the volatility of its idiosyncratic shock and the sensitivity of its economic activity to the whole economy.

关键词： New Keynesian Inflation Targeting System Optimal Monetary Policy

作者: Zhang Guangxian

作者单位: Capital University of Economics and Business Beijing 100026

会议类型: 国际会议

会议名称: 统计模型与中国西部区域经济开发：贸易、投资和WTO国际会议(Statistical Model and Regional Economic Development in West China:Trade,Investment and the WTO International Conference Thesis Collection)

会议地点: 北京

会议语种:英文

页码: 386-392

在线出版日期: 2005-11-10（万方平台首次上网日期，不代表论文的发表时间）