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Expectation traps and discretion
Chari, Varadarajan V.; Christiano, Lawrence J.; … - 1996
Persistent link: https://www.econbiz.de/10000939627
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Monetary policy in Pacific Basin countries : papers presented at a Conference sponsored by the Federal Reserve Bank of San Francisco
Cheng, Hang-sheng (contributor) - 1988
Persistent link: https://www.econbiz.de/10000762531
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Financial policy and reform in Pacific Basin countries
Cheng, Hang-sheng (contributor) - 1986
Persistent link: https://www.econbiz.de/10000690822
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Expectations, traps and discretion
Chari, V.V.; Christiano, Lawrence J.; Eichenbaum, Martin - Federal Reserve Bank of San Francisco - 1996
We argue that discretionary monetary policy exposes the economy to welfare-decreasing instability. It does so by …
Persistent link: https://www.econbiz.de/10005401592