The Equilibrium Degree of Transparency and Control in Monetary Policy
收藏NBER1999-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7152
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We examine a central bank's endogenous choice of degree of control and degree of transparency, under both commitment and discretion. Under commitment, we find that the deliberate choice of sloppy control is far less likely under a standard central-bank loss function than reported for a less standard
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美国国家经济研究局创建时间：
1999-06-01
