Discretion vs. timeless perspective under model-consistent stabilization objectives

DOI10.1016/J.ECONLET.2013.11.004zbMATH Open1290.91126OpenAlexW1749407117MaRDI QIDQ2016013FDOQ2016013

Emiliano Santoro, Raffaele Rossi, Ivan Petrella

Publication date: 18 June 2014

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: http://wrap.warwick.ac.uk/88222/1/WRAP-discretion-timeless-perspective-model-consistent-stabilization-objectives-Petrella-2014.pdf

zbMATH Keywords

monetary policydiscretiontimeless perspectiveloss of social welfare

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

• Input-output interactions and optimal monetary policy
• INPUTOUTPUT STRUCTURE AND NOMINAL RIGIDITY: THE PERSISTENCE PROBLEM REVISITED

Cited In (1)

• The non-optimality of proposed monetary policy rules under timeless perspective commitment

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