Browsing Working Papers by Subject "E52"
Now showing items 1-2 of 2
-
(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 ...
-
(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 ...