Loss of monetary discretion in a simple dynamic policy game

DOI10.1016/0165-1889(94)90030-2zbMath0875.90088OpenAlexW1975770654MaRDI QIDQ5894590

Henrik Jensen

Publication date: 27 February 1997

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(94)90030-2

zbMATH Keywords

CredibilityInflation biasMonetary policy gamesRules vs discretionSeigniorage

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• On the Differentiability of the Value Function in Dynamic Models of Economics
• On the Time Consistency of Optimal Policy in a Monetary Economy
• DYNAMIC SEIGNIORAGE THEORY

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