Expectations, Credibility, and Time-Consistent Monetary Policy
收藏NBER1999-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7234
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资源简介：
This paper addresses the problem of multiple equilibria in a model of time-consistent monetary policy. It suggests that this problem originates in the assumption that agents have rational expectations and proposes several alternative restrictions on expectations that allow the monetary authority to
提供机构：
美国国家经济研究局
创建时间：
1999-07-01
