A Generic Model of Monetary Policy, Inflation, and Reputation
收藏NBER1987-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2239
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This paper analyzes a reputational equilibrium for inflation under the generic assumption that monetary policy reflects proximate preferences for low expected inflation and positive unexpected inflation. The paper stresses the qualitative implication that in a reputational equilibrium the
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美国国家经济研究局创建时间：
1987-05-01
