Time-inconsistent monetary policies: recent research

Richard Dennis

13 citations0/0 files storedFRB SF weekly letter

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Monetary Policy and Economic Impact Fiscal Policies and Political Economy Economic theories and models

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This Economic Letter looks at time-inconsistency, describing why the same mechanisms that can lead to higher average inflation also can hamper policymakers' efforts to keep inflation stable.

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2018The Tragicomedy of Infrastructure: Exploring Time Inconsistency and Pre-Commitment Strategies in Energy and Transport Infrastructure Investment

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