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Institutional design and credibility
Kala, Jyotsana; Srinivasan, Naveen - 2020
Persistent link: https://www.econbiz.de/10013470992
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Reflections on the current fashion for central bank independence
Bibow, Jörg (contributor) - 2001
Persistent link: https://www.econbiz.de/10003206247
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Reflections on the current fashion for central bank independence
Bibow, Jörg - 1999
Persistent link: https://www.econbiz.de/10001379100
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Reflections on the Current Fashion for Central Bank Independence
Bibow, Jörg - 2001
This paper challenges the time-inconsistency case for central bank independence. It argues that the time-inconsistency literature not only seriously confuses the substance of the rules versus discretion debate, but also posits an implausible view of monetary policy. Most worrisome, the...
Persistent link: https://www.econbiz.de/10014126536
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Central bank independence and transparency : complements or substitues? Modelling the role of credibility, accountability, and monitoring
Libich, Jan (contributor) - 2004
Persistent link: https://www.econbiz.de/10002113402
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Society, government, and central-bank independence
Neumann, Manfred J. M. - 1995
Persistent link: https://www.econbiz.de/10000927716
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Rules without commitment : reputation and incentives
Dovis, Alessandro; Kirpalani, Rishabh - In: The review of economic studies : RES 88 (2021) 6, pp. 2833-2856
Persistent link: https://www.econbiz.de/10012694469
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Optimal Discretion
Lengwiler, Yvan; Orphanides, Athanasios - 1999
optimal even when inflation is lower. This result provides a reconciliation of the theory regarding the optimality of adopting … credibility or high inflation but are less inclined to do so otherwise …
Persistent link: https://www.econbiz.de/10014181265