The Institutions of Monetary Policy
收藏NBER2004-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10400
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I argue that it is useful to think about the optimal design of monetary institutions using the insights from the theory of incomplete contracts. The core of the monetary policy problem is the uncertainty about future social decisions resulting from the impossibility and the undesirability of
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美国国家经济研究局创建时间：
2004-04-01
