Barro-Gordon Revisited : Reputational Equilibria with Inferential Expectations

We incorporate inferential expectations into the Barro-Gordon model (1983a) of time inconsistency and consider reputational equilibria. The range of sustainable equilibria shrinks as the private sector becomes more belief-conservative

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Year of publication:	2010
Authors:	Henckel, Timo ; Menzies, Gordon Douglas ; Prokhovnik, Nick ; Zizzo, Daniel John
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Geldpolitik \| Monetary policy \| Erwartungsbildung \| Expectation formation \| Reputation \| Zeitkonsistenz \| Time consistency

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Extent:	1 Online-Ressource (10 p)
Series:	Centre for Applied Microeconomic Analysis (CAMA) Working Paper ; No. 29/2010
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1, 2010 erstellt
Other identifiers:	10.2139/ssrn.1688676 [DOI]
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014190484