Browsing Department of Economics by Subject "Central bank independence"
Now showing items 1-3 of 3
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(Vanderbilt University, 2002)This article investigates the impact on economic performance of the timing of moves in a policy game between the government and the central bank for a government with both distributional and stabilization objectives. It ...
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(Vanderbilt University, 2002)The problem of monetary policy delegation is formulated as a two-stage game between the government and the central bank. In the first stage the government chooses the institutional design of the central bank. Monetary and ...
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(Vanderbilt University, 2001)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 ...