Reputation in a Model of Monetary Policy with Incomplete Information
收藏NBER1986-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1794
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Previous models of rules versus discretion are extended to include uncertainty about the policymaker's "type." When people observe low inflation, they raise the possibility that the policymaker is committed to low inflation (type 1). This enhancement of reputation gives the uncommitted policymaker
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美国国家经济研究局创建时间：
1986-01-01
