How important is the financial sector to price indices in an inflation targeting regime? An empirical analysis of the UK and the US

This paper investigates whether there are benefits in terms of higher economic stability from incorporating stock prices into the price index targeted by the central banks. It also looks into the question of whether central banks should use stock prices as a component of the output stability index a...

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Bibliographic Details
Main Authors: Imran Hussain Shah, Ahmad Hassan Ahmad
Format: Default Article
Published: 2016
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