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Reputational Constraints on Monetary Policy

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NBER1986-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1986
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资源简介:
Recent advances in game theory have made it possible to study monetary policy credibility in a structured fashion. Some have concluded from these models that reputational considerations substantially discourage the monetary authorities from ever attempting surprise inflations. Hence legal
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1986-07-01
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