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Sergio Da Silva, Roberto Meurer and Thiago Veloso
''Optimal control theory for inflation targeting''
( 2008, Vol. 3 No.24 )
We make a case for the usefulness of an optimal control approach for the central banks' choice of interest rates in inflation target regimes. We illustrate it with data from selected developed and emerging countries with longest experience of inflation targeting.
JEL: C6 - Mathematical Methods and Programming: General
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Manuscript Received : Feb 12 2008 Manuscript Accepted : Apr 20 2008

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