Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10003732009
Persistent link: https://www.econbiz.de/10003813439
Persistent link: https://www.econbiz.de/10011975411
Persistent link: https://www.econbiz.de/10003652546
Persistent link: https://www.econbiz.de/10003428191
Persistent link: https://www.econbiz.de/10002348800
Persistent link: https://www.econbiz.de/10001624114
A monetary policy rule is a function mapping any given output level of the economy to a corresponding rate of inflation. Such a rule is time-consistent if the central bank has no incentive to deviate from it. Within a simple dynamic model combining an output-inflation trade-off with rational...
Persistent link: https://www.econbiz.de/10014123844