| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4234 |
| DP4234 Economic Geography and Wages | |
| Mary Amiti; Lisa Cameron | |
| 发表日期 | 2004-02-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | In this Paper we argue that the objectives given to the European Central Bank in the Maastricht Treaty are not well represented by the widely used weighted sum of squared deviations of inflation and output from target (plus possibly terms in squared changes in interest rates to pick up interest rate smoothing). Instead the stated lexicographic ordering should be taken at face value and its implications explored fully. We set out a number of models that do this, and comment on their implications. |
| 主题 | International Macroeconomics |
| 关键词 | monetary policy Time inconsistency Lexicographic preferences European central bank |
| URL | https://cepr.org/publications/dp4234 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533201 |
| 推荐引用方式 GB/T 7714 | Mary Amiti,Lisa Cameron. DP4234 Economic Geography and Wages. 2004. |
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