Transparency and Credibility: Monetary Policy with Unobservable Goals
收藏NBER1998-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6452
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资源简介：
We define and study transparency, credibility, and reputation in a model where the central bank's characteristics are unobservable to the private sector and are inferred from the policy outcome. A low-credibility bank optimally conducts a more inflationary policy than a high-credibility bank, in the
提供机构：
美国国家经济研究局
创建时间：
1998-03-01
