Policy maker's inflation targeting with heterogeneous inflation expectations in economics agents

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

Aboulhasani Asghar; SHAYGANI BITA; MOSAVI JAHROMI YEGANEH; Zandian Zahra

Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Journal of Economic Studies and Policies Year:2019 | Volume:6 | Issue:1 (11) Page(s): 301-330

Download Full-Text

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Persian Verion

View:

476

Download:

Cites:

Information Journal Paper

Title

Policy maker's inflation targeting with heterogeneous inflation expectations in economics agents

Author(s)

Aboulhasani Asghar | SHAYGANI BITA | MOSAVI JAHROMI YEGANEH | Zandian Zahra | Issue Writer Certificate

Keywords

Heterogeneous expectationsQ1

Monetary policyQ2

InflationtargetingQ2

Dynamic stochastic general equilibrium modelQ1

Abstract

The purpose of the present study is to investigate the role of policy instruments such as interest rate and exchange rate on inflation targeting in the new Keynesian model in terms of heterogeneous economic agents' expectations (HANK). In this study, the model of rational expectations and constrained expectations based on adaptive expectations model is used to apply constraints of expectations shaping operators in economic agents to predict macroeconomic variables. The results indicate that expected inflation is a factor affecting inflation. In this case, it can be said that in order to control the inflation rate, one important policy that should be followed by the central bank is to control and manage expectations. The output gap coefficient, as expected, is negative. This rate reflects structural problems with the supply of goods. The results indicate that the major factor affecting inflation is the money growth rate. In this channel model, the effect of money growth rate on inflation is expected inflation, which is a considerable amount given the high rates of money growth in recent years. So the growth of the money supply will have a huge impact on the inflation rate.

Cites

No record.

References

No record.

Cite

APA: Copy

Aboulhasani, Asghar, SHAYGANI, BITA, MOSAVI JAHROMI, YEGANEH, & Zandian, Zahra. (2019). Policy maker's inflation targeting with heterogeneous inflation expectations in economics agents. JOURNAL OF ECONOMIC STUDIES AND POLICIES, 6(1 (11) ), 301-330. SID. https://sid.ir/paper/401009/en

Vancouver: Copy

Aboulhasani Asghar, SHAYGANI BITA, MOSAVI JAHROMI YEGANEH, Zandian Zahra. Policy maker's inflation targeting with heterogeneous inflation expectations in economics agents. JOURNAL OF ECONOMIC STUDIES AND POLICIES[Internet]. 2019;6(1 (11) ):301-330. Available from: https://sid.ir/paper/401009/en

IEEE: Copy

Asghar Aboulhasani, BITA SHAYGANI, YEGANEH MOSAVI JAHROMI, and Zahra Zandian, “Policy maker's inflation targeting with heterogeneous inflation expectations in economics agents,” JOURNAL OF ECONOMIC STUDIES AND POLICIES, vol. 6, no. 1 (11) , pp. 301–330, 2019, [Online]. Available: https://sid.ir/paper/401009/en

Related Journal Papers