Expectation traps and discretion

DOI10.1006/JETH.1998.2421MaRDI QIDQ1270747zbMATH OpenOpenAlexFDO

Authors V. V. Chari, Lawrence J. Christiano, Martin S. Eichenbaum

Publication date 3 November 1998

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://www.nber.org/papers/w5541.pdf

zbMATH Keywords

monetary authorityexpectation trapsinflationary policiessustainable equilibria

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

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Cites work

• A Difficulty with the Optimum Quantity of Money
• On the Theory of Infinitely Repeated Games with Discounting

Cited in

(20)

• On two notions of imperfect credibility in optimal monetary policies
• scientific article; zbMATH DE number 2000800 (Why is no real title available?)
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• Expectation Traps and Monetary Policy
• Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria
• Escaping expectation traps: how much commitment is required?
• Escape dynamics and policy specification
• Equilibrium and government commitment
• On credible monetary policy and private government information
• Recursive monetary policy games with incomplete information
• Time-consistent implementation in macroeconomic games
• Optimal taxes without commitment
• The Optimal Degree of Discretion in Monetary Policy
• CAN THE U.S. MONETARY POLICY FALL (AGAIN) IN AN EXPECTATION TRAP?
• Rules versus discretion in Central Bank communication
• Expectation traps in a New Keynesian open economy model
• Introduction to modeling money and studying monetary policy
• Heterogeneity and monetary policy
• Time consistent monetary policy with endogenous price rigidity
• Ex post heterogeneity and the business cycle

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