Politica monetaria, produzione e problemi di incoerenza temporale

This work extends the analysis of time inconsistency in monetary policy to the case of serial correlation in the level of production. In the one-shot discretionary equilibrium Inflation is higher than in the Barro-Gordon case. Over an infinite horizon, output persistence makes the conditions for a reputational equilibrium more likely to be met.

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Year of publication:	1991
Authors:	Scorcu, Antonello Eugenio
Publisher:	Bologna : Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

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Series:	Quaderni - Working Paper DSE ; 110
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	Italian
Other identifiers:	10.6092/unibo/amsacta/5254 [DOI] hdl:10419/158953 [Handle] RePEc:bol:bodewp:110 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011650979