Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76715
Authors: 
Merkl, Christian
Year of Publication: 
2013
Series/Report no.: 
Kiel Working Paper 1851
Abstract: 
This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New Keynesian model (i.e. a disinflationary boom). This finding is robust with respect to various parameterizations and disinflationary experiments. Thus, it differs from previous findings about disinflationary booms under monetary targeting.
Subjects: 
Disinflation
Disinflationary Boom
Inflation Targeting
JEL: 
E30
E31
Document Type: 
Working Paper

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