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Browsing Evans, George W. by Subject "Commitment"
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(University of Oregon, Dept. of Economics, 2002-11-08)We review the recent work on interest rate setting, which emphasizes the desirability of designing policy to ensure stability under private agent learning. Appropriately designed expectations based rules can yield optimal ...
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(University of Oregon, Dept of Economics, 2005-04-06)This is a revised and shortened version of Working Paper 2002-11. Commitment in monetary policy leads to equilibria that are superior to those from optimal discretionary policies. A number of interest rate reaction functions ...
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(University of Oregon, Dept. of Economics, 2002-05-22)Commitment in monetary policy leads to equilibria that are superior to those from optimal discretionary policies. A number of interest rate reaction functions and instrument rules have been proposed to implement or approxmiate ...
Now showing items 1-3 of 3