Time-Consistent Policy and Persistent Changes in Inflation
收藏NBER1990-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3529
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资源简介：
This paper presents a model of dynamically consistent monetary policy that explains changes in inflation over time. In the model -- as in the postwar United States -- adverse supply shocks trigger persistent increases in inflation, and disinflation occurs when a tough policymaker creates a recession
提供机构：
美国国家经济研究局
创建时间：
1990-12-01
