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pro vyhledávání: '"Berlemann, Michael"'
Autor:
Berlemann, Michael, Hielscher, Kai
Based on an extended version of a time-inconsistency model of monetary policy we show that the degree of effective monetary policy conservatism can be uncovered by studying to what extent central banks react to real disturbances. By estimating centra
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::cd583229461c4c03187963f4fa4c4809
https://hdl.handle.net/10419/71108
https://hdl.handle.net/10419/71108
Autor:
Berlemann, Michael, Hielscher, Kai
According to the game-theoretic model of monetary policy, inflation is the consequence of time-inconsistent behavior of the monetary authority. The inflation bias can be eased by handing over the responsibility for monetary policy to an independent c
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::6dadb197b90236e09cb7f08de5c0f7b1
https://hdl.handle.net/10419/38738
https://hdl.handle.net/10419/38738