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Grand corruption instead of commitment? : reconsidering time-inconsistency of monetary policy

Bohn, Frank - In: Journal of international money and finance 32 (2013), pp. 478-490

Persistent link: https://www.econbiz.de/10009732851

The trade-off between monetary and fiscal solidity : international lenders and political instability

Bohn, Frank (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002040237

The politics of surprise devaluations : modelling motives for giving up a peg

Bohn, Frank - In: Jahrbücher für Nationalökonomie und Statistik 233 (2013) 5/6, pp. 562-574

Persistent link: https://www.econbiz.de/10010193377

The "benefits" of being small : loose fiscal policy in the European Monetary Union

Crombach, Lamar; Bohn, Frank; Sturm, Jan-Egbert - In: Journal of public economics 234 (2024), pp. 1-14

Persistent link: https://www.econbiz.de/10015075526

Grand corruption instead of commitment? Reconsidering time-inconsistency of monetary policy

Bohn, Frank - In: Journal of International Money and Finance 32 (2013) C, pp. 478-490

This paper suggests that inflation may be affected differently by grand corruption compared to its positive nexus with petty corruption. In an extended Barro and Gordon (1983a) model grand corruption may serve as a quasi-commitment device: a cheating (expropriating) government may actually deter...

Persistent link: https://www.econbiz.de/10011048436