Optimal Monetary Policy with Overlapping Generations of Policymakers /

Optimal Monetary Policy with Overlapping Generations of Policymakers /

In this paper I study the effect of imperfect central bank commitment on inflationary outcomes. I present a model in which the monetary authority is a committee that consists of members who serve overlapping, finite terms. Older and younger generations of Monetary Policy Committee (MPC) members deci...

書目詳細資料
主要作者:	Shamloo, Maral
格式:	雜誌
語言:	English
出版:	Washington, D.C. : International Monetary Fund, 2010.
叢編:	IMF Working Papers; Working Paper ; No. 2010/032
主題:	Monetary Policy MPC Member Objective Function Standard Deviation WP United Kingdom
在線閱讀:	Full text available on IMF

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