Delegating optimal monetary policy inertia
Year of publication: |
2014
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Authors: | Bilbiie, Florin |
Published in: |
Journal of economic dynamics & control. - Amsterdam [u.a.] : Elsevier, ISSN 0165-1889, ZDB-ID 717409-3. - Vol. 48.2014, p. 63-78
|
Subject: | Discretion and commitment | Inertia | Optimal delegation | Stabilization bias | Timeless-optimal policy | Inflation output gap growth and nominal income growth targeting | Geldpolitik | Monetary policy | Theorie | Theory | Inflation | Regelbindung versus Diskretion | Rules versus discretion | Bruttoinlandsprodukt | Gross domestic product | Inflationssteuerung | Inflation targeting | Geldpolitisches Ziel | Monetary target | Neoklassische Synthese | Neoclassical synthesis | Nationaleinkommen | National income | Zeitkonsistenz | Time consistency | Phillips-Kurve | Phillips curve |
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