The Theory of Average Inflation Targeting

Abstract: Remarks at Bank of Israel/CEPR Conference on “Inflation: Dynamics, Expectations, and Targeting” (delivered via videoconference).

Keywords: average inflation targeting (AIT); R-star; lower bound; Static Average Inflation Targeting (SAIT); dynamic average inflation targeting (DAIT); interest rates; monetary policy;

Access Documents

File(s): File format is text/html https://www.newyorkfed.org/newsevents/speeches/2021/wil210712
Description: Full text

File(s): File format is application/pdf https://www.newyorkfed.org/medialibrary/media/newsevents/speeches/2021/wil210712/figures-all
Description: Figures


Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Speech

Publication Date: 2021-07-12