The role of the "Maximizing Output Growth Inflation Rate" in monetary\n policy

2014/03/24 by Pepin, Dominique, Dominique Pépin
Economics, Econometrics and Finance · #Economic Theory and Policy #European Monetary and Fiscal Policies #FOS: Economics and business #General Finance (q-fin.GN) #Global Financial Crisis and Policies #Monetary Policy and Economic Impact

paper · pdf · doi:10.48550/arxiv.1403.6112

openalex publication_date 2014/03/24 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28

Abstract

The paper discusses the role of monetary policy when potential output depends\non the inflation rate. If the intention of the central bank is to maximize\nactual output growth, then it has to be credibly committed to a strict\ninflation targeting rule, and to take the MOGIR (the Maximizing Output Growth\nInflation Rate) as the target.\n

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