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Browsing Economics Working Papers by Subject "Determinacy"
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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 1-2 of 2