(MPC). In our framework, central bank conservatism is required to attenuate the volatility of monetary decisions generated … extra central bank conservatism is required when there is ambiguity about the MPC's true decision rule. …

(MPC). In our framework, central bank conservatism is required to attenuate the volatility of monetary decisions generated … extra central bank conservatism is required when there is ambiguity about the MPC's true decision rule. …

(MPC). In our framework, central bank conservatism is required to attenuate the volatility of monetary decisions generated … extra central bank conservatism is required when there is ambiguity about the MPC’s true decision rule. …

policy makers�entails wage moderation. The impact of domestic central bank conservatism hinges instead on the combination … in Lippi (REStud 2003) to a two-country open economy framework. It sheds light on the real effect of foreign central bank … conservatism, which�through a strategic mechanism that operates via the terms of trade between the two independent monetary …

(MPC). In our framework, central bank conservatism is required to attenuate the volatility of monetary decisions generated … extra central bank conservatism is required when there is ambiguity about the MPC’s true decision rule. Copyright Springer …