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The optimal degree of discretion in monetary policy

Athey, Susan; Atkeson, Andrew; Kehoe, Patrick J. - 2004

Persistent link: https://www.econbiz.de/10002071842

The optimal degree of discretion in monetary policy

Athey, Susan (contributor); Atkeson, Andrew (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001717174

The optimal degree of discretion in monetary policy

Athey, Susan; Atkeson, Andrew; Kehoe, Patrick J. - 2003

Persistent link: https://www.econbiz.de/10001833686

The optimal degree of discretion in monetary policy

Athey, Susan; Atkeson, Andrew; Kehoe, Patrick J. - 2004 - Rev

"How much discretion should the monetary authority have in setting its policy? This question is analyzed in an economy with an agreed-upon social welfare function that depends on the randomly fluctuating state of the economy. The monetary authority has private information about that state. In...