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Rules, discretion, and central bank independence : the German experience 1880 - 1989

Eschweiler, Bernhard - 1993

Persistent link: https://www.econbiz.de/10000877523

Violations of the "rules of the game" and the credibility of the classical gold standard, 1880 - 1914

Bordo, Michael D.; MacDonald, Ronald - 1997

Persistent link: https://www.econbiz.de/10000973758

Violations of the 'rules of the game' and the credibility of the classical gold standard, 1880 - 1914

Bordo, Michael D.; MacDonald, Ronald - 1997

Persistent link: https://www.econbiz.de/10000637483

Central bank credibility : an historical and quantitative exploration

Bordo, Michael D.; Siklos, Pierre L. - In: Central banks at a crossroads : what can we learn from …, (pp. 62-144). 2016

Persistent link: https://www.econbiz.de/10011487253

Central banks : evolution and innovation in historical perspective

Bordo, Michael D.; Siklos, Pierre L. - 2017

Persistent link: https://www.econbiz.de/10011743548

Rules, discretion, and central bank independence : the German experience 1880-1989

Eschweiler, Bernard; Bordo, Michael D. - 1993

Theories of rules and discretion have become a corner stone in the formulation of macroeconomic policy. They suggest that monetary policy rules are first best in terms of social welfare. However, if commitment is not feasible, delegating monetary policy to an independent and conservative central...

Persistent link: https://www.econbiz.de/10011577141