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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w8139 |
来源ID | Working Paper 8139 |
How Severe is the Time Inconsistency Problem in Monetary Policy? | |
Stefania Albanesi; V.V. Chari; Lawrence J. Christiano | |
发表日期 | 2001-02-01 |
出版年 | 2001 |
语种 | 英语 |
摘要 | We analyze two monetary economies - a cash-credit good model and a limited participation model. In our models, monetary policy is made by a benevolent policymaker who cannot commit to future policies. We define and analyze Markov equilibrium in these economies. We show that there is no time inconsistency problem for a wide range of parameter values. |
主题 | Macroeconomics ; Monetary Policy ; Fiscal Policy |
URL | https://www.nber.org/papers/w8139 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565732 |
推荐引用方式 GB/T 7714 | Stefania Albanesi,V.V. Chari,Lawrence J. Christiano. How Severe is the Time Inconsistency Problem in Monetary Policy?. 2001. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w8139.pdf(382KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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