Politica monetaria, produzione e problemi di incoerenza temporale

Scorcu, Antonello Eugenio (1991) Politica monetaria, produzione e problemi di incoerenza temporale. Bologna: Dipartimento di Scienze economiche DSE, p. 33. DOI 10.6092/unibo/amsacta/5254. In: Quaderni - Working Paper DSE (110). ISSN 2282-6483.
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Abstract

This work extends the analysis of time inconsistency in monetary policy to the case of serial correlation in the level of production. In the one-shot discretionary equilibrium Inflation is higher than in the Barro-Gordon case. Over an infinite horizon, output persistence makes the conditions for a reputational equilibrium more likely to be met.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Scorcu, Antonello Eugenio0000-0002-0326-0559
Subjects
ISSN
2282-6483
DOI
Deposit date
01 Jul 2016 07:47
Last modified
01 Jul 2016 07:47
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