Expectation traps and discretion

DOI10.1006/jeth.1998.2421zbMath0910.90033OpenAlexW3123020346MaRDI QIDQ1270747

Lawrence J. Christiano, V. V. Chari, Martin S. Eichenbaum

Publication date: 3 November 1998

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w5541.pdf

zbMATH Keywords

monetary authorityexpectation trapsinflationary policiessustainable equilibria

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Related Items

Optimal taxes without commitment ⋮ Rules versus discretion in Central Bank communication ⋮ Expectation traps in a New Keynesian open economy model ⋮ Time consistent monetary policy with endogenous price rigidity ⋮ Ex post heterogeneity and the business cycle ⋮ On credible monetary policy and private government information ⋮ CAN THE U.S. MONETARY POLICY FALL (AGAIN) IN AN EXPECTATION TRAP? ⋮ Recursive monetary policy games with incomplete information ⋮ Introduction to modeling money and studying monetary policy ⋮ Heterogeneity and monetary policy

Cites Work

• A Difficulty with the Optimum Quantity of Money
• On the Theory of Infinitely Repeated Games with Discounting