The Optimal Degree of Discretion in Monetary Policy
收藏NBER2003-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10109
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资源简介：
How much discretion should the monetary authority have in setting its policy? This question is analyzed in an economy with an agreed-upon social welfare function that depends on the randomly fluctuating state of the economy. The monetary authority has private information about that state. In the
提供机构：
美国国家经济研究局
创建时间：
2003-11-01
