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Price-level targeting : an omelette that requires breaking some inflation-targeting eggs?

Luisa F.
Acuña-Roa
Julián Andrés
Parra-Polanía
Domingo, 1 Septiembre 2013

This paper can be divided into two main parts. The first one, using a simple example by Minford (2004) and Hatcher (2011), gives the reader a basic introduction to understand the comparison between two monetary-policy regimes: Inflation Targeting (IT) and