Kirsanova, Tatiana; Vines, David; Wren-Lewis, Simon - In: Topics in Macroeconomics 9 (2009) 1, pp. 1731-1731
. Second, we show that the commitment (time inconsistent) solution does not normally involve zero inflation and output at its …, we show that the timeless perspective policy has the same steady state as the commitment case, but without any short …