Time-inconsistent monetary policies: recent research

This Economic Letter looks at time-inconsistency, describing why the same mechanisms that can lead to higher average inflation also can hamper policymakers' efforts to keep inflation stable.

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Year of publication:	2003
Authors:	Dennis, Richard
Published in:	FRBSF Economic Letter. - Federal Reserve Bank of San Francisco. - 2003, 10
Publisher:	Federal Reserve Bank of San Francisco
Subject:	Inflation (Finance) \| Monetary policy

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005346415