Athey, Susan (contributor); Atkeson, Andrew (contributor); … - 2002 - [Elektronische Ressource]
Federal Reserve Bank of Minneapolis
Research Department
The Optimal Degree of Discretion in
Monetary Policy
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Susan … constrain the discretion of the monetary authority in setting
monetary policy. Canzoneri (1985) argues that when the monetary …, then, is the optimal
degree of monetary policy discretion?
Society’s two extreme options are obvious: Constrain the …