Rules, Discretion and Reputation in a Model of Monetary Policy
收藏NBER1983-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1079
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In a discretionary regime the monetary authority can print more money and create more inflation than people expect. But, although these inflation surprises can have some benefits, they cannot arise systematically in equilibrium when people understand the policymaker's incentives and form their
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美国国家经济研究局创建时间：
1983-02-01
