economics
价格水平目标制
Price-level targetingPrice-level targeting (PLT) is a monetary policy framework where the central bank aims to stabilize the aggregate price level rather than the inflation rate. / 价格水平目标制（PLT）是一种中央银行旨在稳定总价格水平而非通胀率的货币政策框架。
- Knowledge type
- 自然理论
- First proposed or discovered
- Proposer
- Turkey Farm member
- Creator
- 农场主
- Last updated
- 2026-11-13 19:07:42
Sub-knowledge points
heterogeneous expectation New Keynesian (HENK) modellaboratory experimentforward-looking communication
Higher-order knowledge points
monetary policyinflation targeting (IT)rational expectations (FIRE)
Main parameters and performance indicators
aggregate price level: the target variableinflation guidance: communication strategy to close price gaps
Open problems
learning history-dependent inflation pathsexcess macroeconomic volatility
Related literature
ranked by community starsHistory-dependent monetary policy: a lab experiment and a HENK modelOpen source
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1 recordsRecord title: Price-level targeting.
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