Expectations, Credibility, and Time-Consistent Monetary Policy
收藏NBER1999-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7234
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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
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美国国家经济研究局创建时间：
1999-07-01
