Time Consistency and Free-Riding in a Monetary Union
收藏NBER2002-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9370
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资源简介：
We analyze the setting of monetary and nonmonetary policies in monetary unions. We show that in these unions a time inconsistency problem in monetary policy leads to a novel type of free- rider problem in the setting of nonmonetary policies, such as labor market policy, fiscal policy, and bank
提供机构：
美国国家经济研究局
创建时间：
2002-12-01
