Inflation illusion and the Taylor principle: An experimental study

We develop a simple experimental setting to evaluate the role of the Taylor principle, which holds that the nominal interest rate has to respond more than one-for-one to fluctuations in the inflation rate to exert a stabilizing effect. In our setting, the average inflation rate fluctuates around the...

Full description

Saved in:
Bibliographic details
Volume: 45
Main Author: Luhan, Wolfgang J
Scharler, Johann
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: AMSTERDAM Elsevier B.V 01.08.2014
ELSEVIER SCIENCE BV
published in: Journal of economic dynamics & control Vol. 45; pp. 94 - 110
ORCID: 0000-0002-1026-4339
Data of publication: August 2014
ISSN: 0165-1889
1879-1743
EISSN: 1879-1743
Discipline: Economics
Subjects:
E30
E52
C90
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2014
Web of Knowledge
Web of Science
CrossRef
Academic OneFile (A&I only)
OpenAIRE
OpenAIRE (Open Access)
Database information Databases - DBIS