Blar i Arbeidsnotater / Working Papers på forfatter "Lønning, Ingunn"
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Simple Monetary Policymaking Without the Output Gap
Leitemo, Kai; Lønning, Ingunn (Working Papers;9/2002, Working paper, 2002)The performance of a simple monetary policy rule, which does not rely on explicit information about the output gap but instead uses the change in the rate of inflation as a proxy for the output gap, is explored in a simple ...