Browsing Economía by Subject "Open-economy New Keynesian model"

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    • Flexible Average Inflation Targeting: How Much Is U.S. Monetary Policy Changing? 

      Coulter, Jarod; Duncan, Roberto; Martínez-García, Enrique (Pontificia Universidad Católica del PerúPE, 2022-08-01)
      One major outcome of the Federal Reserve’s 2019–20 framework review was the adoption of a Flexible Average Inflation Targeting (FAIT) strategy in August 2020. Using synthetic control methods, we document that U.S. inflation ...