Rules without Commitment: Reputation and Incentives
收藏NBER2019-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26451
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资源简介：
This paper studies the optimal design of rules in a dynamic model when there is a time inconsistency problem and uncertainty about whether the policy maker can commit to follow the rule ex post. The policy maker can either be a commitment type, which can always commit to follow rules, or an
提供机构：
美国国家经济研究局
创建时间：
2019-11-01
