Dai, Meixing; Sidiropoulos, Moïse - Bureau d'Économie Théorique et Appliquée (BETA), … - 2011
Several recent studies have shown that, when fiscal and monetary authorities play a Stackelberg game, central bank opacity has a fiscal disciplining effect in the sense that it induces the government to reduce taxes and public expenditures, leading hence to lower inflation and output...