Endogenous monetary commitment

DOI10.1016/J.ECONLET.2011.03.030MaRDI QIDQ553894zbMATH OpenOpenAlexFDO

Authors Jan Libich, Petr Stehlík

Publication date 28 July 2011

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2011.03.030

zbMATH Keywords

commitmentendogenous timingasynchronous gamesstrict vs.flexible inflation targeting

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Applications of game theory (91A80)

Recommendations

• A Theory of Endogenous Commitment
• On two notions of imperfect credibility in optimal monetary policies
• The issue of time inconsistency revisited as an extended game
• Macro meets micro: stochastic (Calvo) revisions in games
• Endogenous and exogenous commitment

Cites work

• A Theory of Dynamic Oligopoly, I: Overview and Quantity Competition with Large Fixed Costs
• On Endogenously Staggered Prices

Cited in

(5)

• Endogenous money and the business cycle
• Stochastic revision opportunities in Markov decision problems
• Time scale-induced asynchronous discrete dynamical systems
• Macro meets micro: stochastic (Calvo) revisions in games
• The worst-case payoff in games with stochastic revision opportunities

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