Journal article

Disinflationary Booms?

Publication Details
Author(s): Merkl C
Publisher: Elsevier
Publication year: 2013
Volume: 121
Journal issue: 1
Pages range: 105-109
ISSN: 0165-1765
Language: English


This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New Keynesian model (i.e. a disinflationary boom). This finding is robust with respect to various parameterizations and disinflationary experiments. Thus, it differs from previous findings about disinflationary booms under monetary targeting.

How to cite
APA: Merkl, C. (2013). Disinflationary Booms? Economics letters, 121(1), 105-109.

MLA: Merkl, Christian. "Disinflationary Booms?" Economics letters 121.1 (2013): 105-109.

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