Reflections on the failure of the Taylor principle under commitment

DOI10.1016/J.ECONLET.2011.02.031zbMATH Open1217.91122OpenAlexW2060282394MaRDI QIDQ553883FDOQ553883

Authors: Emanuel Barnea, Nissan Liviatan 

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.2011.02.031

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zbMATH Keywords

commitmentdiscretionTaylor principle

Mathematics Subject Classification ID

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

Cited In (1)

• Expectation Traps and Monetary Policy

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