| Title | Better Monetary Control may Increase the Inflationary Bias of Policy |
|---|---|
| Published in | Scandinavian Journal of Economics, p.125-131. ISSN 0347-0520. |
| Author | Swank, O.H. (Otto) |
| Date | 1994-01-01 |
| Language | English |
| Type | article |
| Abstract | Explores the implications of imperfect monetary control and uncertainty about the trade-off between output and inflation to discretionary policy. Impact of imperfect control of money growth on policymakers' incentive to create surprises; Consequences of imperfect control of money growth for optimal monetary policy; Welfare effects of uncertainty about the extent to which inflation affect output. |
| Publication | http://hdl.handle.net/1765/12309 |
| Persistent Identifier | urn:NBN:nl:ui:15-1765/12309 |
| Metadata | XML |
| Repository | Erasmus University Rotterdam |
Go to page top
Go back to contents
Go back to site navigation