Znaczenie inercji inflacji przy podejmowaniu optymalnych decyzji

• Authors: Agnieszka Przybylska-Mazur

Title variants

EN

Role of Inflation Inertia in Optimal Decision Making

• Languages of publication: PL

Abstracts

EN

In this paper we present two variants of chosen structural model - Woodford model: the model not taking into consideration inflation inertia and model with inflation inertia. On the ground of these two variants of models we determine the robustly optimal instrument rules. We use these rules for estimation of role of inflation inertia in optimal monetary decision making.

Keywords

PL

Inercja; Inflacja; Podejmowanie decyzji; Polityka pieniężna

EN

Decision making; Inertia; Inflation; Monetary policy

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2013
• Volume: 163
• Pages: 161-174

Contributors

author

Agnieszka Przybylska-Mazur

References

• Fuhrer J.C.: The Persistence of Inflation and the Cost of Disinflation. "New England Economic Review" 1995, January/February.
• Giannoni M.P., Woodford M.: Optimal Interest-Rate Rules: I. General Theory. NBER Working Paper No. W9419, January 2003.
• Giannoni M.P., Woodford M.: Optimal Interest-Rate Rules: II. Application. NBER Working Paper No. W9420, January 2003.
• Rudebusch G.D., Svensson L.E.O.: Policy Rule for Inflation Targeting. Working Paper Series, National Buremu of Economic Rasearch Cambridge 1998.

Identifiers

ISSN

2083-8611