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Volumn 43, Issue 3, 1999, Pages 509-523

Inflation rules with consistent escape clauses

Author keywords

Escape clauses; Inflation targets; Monetary policy

Indexed keywords

CAPITAL MARKET; EXCHANGE RATE; INFLATION;

EID: 0033394341     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0014-2921(98)00022-1     Document Type: Article
Times cited : (4)

References (10)
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    • Kydland F., Prescott E. Rules rather than discretion: the inconsistency of optimal plans. Journal of Political Economy. 85:1977;473-490.
    • (1977) Journal of Political Economy , vol.85 , pp. 473-490
    • Kydland, F.1    Prescott, E.2
  • 3
    • 0006448026 scopus 로고
    • Monetary policy strategies - A correction: Comment on Flood and Isard
    • Lohmann S. Monetary policy strategies - a correction: Comment on Flood and Isard. IMF Staff Papers. 37:1990;440-445.
    • (1990) IMF Staff Papers , vol.37 , pp. 440-445
    • Lohmann, S.1
  • 4
    • 85016721127 scopus 로고
    • The optimal degree of commitment: Credibility versus flexibility
    • Lohmann S. The optimal degree of commitment. Credibility versus flexibility American Economic Review. 82:1992;273-286.
    • (1992) American Economic Review , vol.82 , pp. 273-286
    • Lohmann, S.1
  • 5
    • 0003618627 scopus 로고
    • Destabilising effects of exchange rate escape clauses
    • Working paper no. 3603, NBER, Cambridge, MA. (Also forthcoming in
    • Obstfeld, M., 1991. Destabilising effects of exchange rate escape clauses. Working paper no. 3603, NBER, Cambridge, MA. (Also forthcoming in Journal of International Economics).
    • (1991) Journal of International Economics
    • Obstfeld, M.1
  • 7
    • 84947586303 scopus 로고
    • The optimal degree of commitment to an intermediate monetary target
    • Rogoff K. The optimal degree of commitment to an intermediate monetary target. Quarterly Journal of Economics. 100:1985;1169-1190.
    • (1985) Quarterly Journal of Economics , vol.100 , pp. 1169-1190
    • Rogoff, K.1
  • 9
    • 21844500639 scopus 로고
    • Is New Zealand's Reserve Bank Act of 1989 an optimal Central Bank Contract?
    • Walsh, C., 1995a. Is New Zealand's Reserve Bank Act of 1989 an optimal Central Bank Contract? Journal of Money, Credit and Banking 27, 1179-1191.
    • (1995) Journal of Money, Credit and Banking , vol.27 , pp. 1179-1191
    • Walsh, C.1
  • 10
    • 85010796670 scopus 로고
    • Optimal contracts for independent central bankers
    • Walsh C. Optimal contracts for independent central bankers. American Economic Review. 85:1995;150-167.
    • (1995) American Economic Review , vol.85 , pp. 150-167
    • Walsh, C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.