Expectation traps and discretion

DOI10.1006/JETH.1998.2421zbMATH Open0910.90033OpenAlexW3123020346MaRDI QIDQ1270747FDOQ1270747

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

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

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zbMATH Keywords

monetary authorityexpectation trapsinflationary policiessustainable equilibria

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (17)

• Title not available (Why is that?)
• Expectations, credibility, and time-consistent monetary policy.
• Expectation Traps and Monetary Policy
• Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria
• On credible monetary policy and private government information
• Equilibrium and government commitment
• Recursive monetary policy games with incomplete information
• Time-consistent implementation in macroeconomic games
• The Optimal Degree of Discretion in Monetary Policy
• Optimal taxes without commitment
• 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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