Optimal Horizons for Inflation Targeting
International Monetary Fund (IMF)
Federal Reserve Bank of St. Louis - Research Division; Federal Reserve Board
The Bank of England Working Paper No. 119
In this paper we investigate the problem of selecting an optimal horizon for inflation targeting in the United Kingdom. There are two key ways of thinking about an optimal horizon, so we look at optimal horizons for both of these interpretations. In addition, to see whether our results are robust in the face of model uncertainty, we compute optimal horizons for two different models with divergent structural and dynamic characteristics.
Number of Pages in PDF File: 35
JEL Classification: E52, E58working papers series
Date posted: September 25, 2000
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