Cukierman, Alex (contributor); Gerlach, Stefan (contributor) - 2002 - [Elektronische Ressource]
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The Inflation Bias Revisited: Theory and Some
International Evidence
Alex Cukierman and Stefan Gerlach
∗
November, 18 …, 2002
Abstract
The Kydland-Prescott, Barro-Gordon inflation bias result relies on the presump-
tion that policymakers aim at … an inflation bias if the central bank is uncertain about the
future state of the economy and is more sensitive to policy …