Wohltmann, Hans-Werner; Totzek, Alexander - In: Kredit und Kapital 45 (2012) 1, pp. 27-50
Barro-Gordon Revisited: Reputational Equilibria in a New Keynesian Model The aim of this paper is to solve the inconsistency problem à la Barro/Gordon within a New Keynesian model and to derive time-consistent interest rate rules of Taylor-type. We find a multiplicity of time-consistent rules....
