Should Central Banks Target CPI Futures?
Author InfoCowen, Tyler Abstract The author considers recent proposals that the government should attempt to stabilize the nominal value of a CPI futures contract. Under a variety of conditions, arbitrageurs will break the peg and bankrupt the central bank, the central bank ends up in a gaming problem with private traders, or the regime collapses into discretion. Copyright 1997 by Ohio State University Press. Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options: 1. Check below under “Related research” whether another version of this item is available online. 2. Check on the provider’s web page whether it is in fact available. 3. Perform a search for a similarly titled item that would be available. Publisher InfoArticle provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking. Volume (Year): 29 (1997) Issue (Month): 3 (August) Pages: 275-85 Download reference. The following formats ar
