Now showing items 1-2 of 2

    • Weymark, Diana N. (Vanderbilt University, 2005)
      The problem of monetary policy delegation is formulated as a two-stage non-cooperative game between the government and the central bank. The solution to this policy game determines the optimal combination of central bank ...
    • Hughes Hallett, Andrew; Demertzis, Maria (Vanderbilt University. Dept. of Economics, 2004-02)
      In this paper we examine the consequences of having a Central Bank whose preferences are state contingent. This has variously been identified in the literature as a Central Bank that is "rationally inattentive", "risk ...