Central bank independence and the monetary instrument problem

DOI10.1111/IERE.12027zbMATH Open1420.91343OpenAlexW1549846969MaRDI QIDQ4620110FDOQ4620110

Authors: Stefan Niemann, Paul Pichler, Gerhard Sorger 

Publication date: 7 February 2019

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: http://repository.essex.ac.uk/2902/1/dp687.pdf

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zbMATH Keywords

dynamic noncooperative gameinterest rate policydiscretionary, fiscal and monetary policy makersmonetary instrumentsmoney growth policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Noncooperative games (91A10) Dynamic games (91A25) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Cited In (4)

• Discretionary monetary policy in the Calvo model
• Independent monetary policies and social equity
• On Central Bank Independence and the Stability of Policy Targets
• Fiscal decentralization, central bank independence, and inflation

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