Bastos, Julio Cesar Albuquerque; Mendonça, Helder … - In: Journal of Economic Studies 41 (2014), pp. 708-720
Purpose–The purpose of this paper is to make an empirical analysis concerning time-inconsistency problem (TIP) based on a sample of 12 countries for the period from 1993 to 2011. Design/methodology/approach–The existence of TIP only makes sense if there is a trade-off between inflation and...