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Background material from Frederic Mishkin's contribution to a panel discussion on: Should explicit inflation targets be set in the U.S.?

In: Proceedings (1998) Mar

Persistent link: https://www.econbiz.de/10005078015

Optimal contracts for independent central bankers: private information, performance measures and reappointment

Walsh, Carl E - In: Proceedings (1993) Mar

Persistent link: https://www.econbiz.de/10005078052

Monetary rules when economic behaviour changes

Amano, Robert; Coletti, Don; Macklem, Tiff - In: Proceedings (1998) Mar

Persistent link: https://www.econbiz.de/10005078061

Policymakers' revealed preferences and the output-inflation variability trade-off: implications for the European system of central banks

Cecchetti, Stephen G.; McConnell, Margaret M.; Quiros, … - In: Proceedings (1999)

Persistent link: https://www.econbiz.de/10005078063

Policy rules for inflation targeting

Rudebusch, Glenn D.; Svensson, Lars E. O. - In: Proceedings (1998) Mar

Persistent link: https://www.econbiz.de/10005078093

Central bank independence and the costs of disinflation in the EC

Walsh, Carl E. - Federal Reserve Bank of San Francisco - 1994

Persistent link: https://www.econbiz.de/10005078251

How independent should a central bank be?

Debelle, Guy; Fischer, Stanley - Federal Reserve Bank of San Francisco - 1994

The case for an independent central bank is becoming increasingly accepted. This new orthodoxy is based on three … on the inflationary bias of discretionary policy-making; and the empirical academic literature on central bank …. ; Second we present a theoretical model which allows us to consider the optimal degree of inflation aversion of the central …

Persistent link: https://www.econbiz.de/10005078262

Optimal contracts for independent central bankers: private information, performance measures and reappointment

Walsh, Carl E. - Federal Reserve Bank of San Francisco - 1993

Persistent link: https://www.econbiz.de/10005078283

Optimal policy with limited commitment

Kasa, Kenneth - Federal Reserve Bank of San Francisco - 1994

This paper uses Whiteman's(1986) frequency-domain optimization methodology to parameterize the precommitment period in a standard rational expectations policy design model. This allows researchers to adopt an empirical approach to the time consistency issue. That is, the operative commitment...

Persistent link: https://www.econbiz.de/10005078309

Central bank secrecy and money surprises: international evidence

Hutchison, Michael; Judd, John P. - Federal Reserve Bank of San Francisco - 1991

The information value of central bank announcements of projected future money growth is shown to depend both on the …

Persistent link: https://www.econbiz.de/10005078333