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Credibility and time consistency in a stochastic world
10 references·2 citing·38 second hop
Credibility and time consistency in a stochastic world (1987)Credibility and time consistency in a sto…The Consistency of Optimal Policy in Stochastic Rational Expectations Models (1986)The Consistency of Optimal Po…Rational Expectations and Policy Credibility Following a Change in Regime (1985)Rational Expectations and Pol…Optimal feedback rules in an open economy macromodel with rational expectations (1985)Optimal feedback rules in an …Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies (1985)Dynamic Games and the Time In…International Policy Coordination in Dynamic Macroeconomic Models (1984)International Policy Coordina…Rules, discretion and reputation in a model of monetary policy (1983)Rules, discretion and reputat…On the Time Consistency of Optimal Policy in a Monetary Economy (1978)On the Time Consistency of Op…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…Analysis and control of dynamic economic systems (1975)Analysis and control of dynam…A Note on Changes in Industrial Concentration in the United Kingdom (1975)A Note on Changes in Industri…Türkiye Ekonomisinde Para Politikasının Güvenilirlik Sorunu: VAR Analizi (2019)Türkiye Ekonomisinde Para Pol…DOES INTERNATIONAL MACROECONOMIC POLICY COORDINATION PAY AND IS IT SUSTAINABLE?: A TWO COUNTRY ANALYSIS (1987)DOES INTERNATIONAL MACROECONO…Dynamic Noncooperative Game Theory (1982)Monetary Policy and Real Stabilization (2003)Solution of macromodels with Hansen–Sargent robust policies: some extensions (2004)Linear-quadratic approximation of optimal policy problems (2011)An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money (1958)Myopia and Inconsistency in Dynamic Utility Maximization (1973)A Guide to Public Sector Debt and Deficits (1985)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)A Toolkit for Analysing Nonlinear Dynamic Stochastic Models Easily (2001)Econometric policy evaluation: A critique (1976)Expectations and Exchange Rate Dynamics (1976)Rational expectations models with partial information (1986)Monetary Policy Rules for the Euro Area: What Role for National Information? (2002)Reputation and imperfect information (1982)T HEORIES OF D ELEGATION (2001)Checks and Balances, Private Information, and the Credibility of Monetary Commitments (2002)Monetary Policy Committees: Individual and Collective Reputations (2003)Rational Expectations and the Theory of Price Movements (1961)Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment (1973)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism (1995)Veto Players. How Political Institutions Work (2003)Some International Evidence on Output-Inflation Tradeoffs. (1973)Aggregate Dynamics and Staggered Contracts (1980)A Positive Theory of Monetary Policy in a Natural Rate Model (1983)Discretion versus policy rules in practice (1993)Varieties of Capitalism (2001)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy? (1988)International Macroeconomic Policy Coordination When Policymakers Do Not Agree on the True Model. (1988)Robust control of forward-looking models (2003)Dynamic optimal taxation, rational expectations and optimal control (1980)Effect Analysis and Causation in Linear Structural Equation Models (1990)Production, Growth and Business Cycles: Technical Appendix (2002)Concentration in Retail Distribution: Measurement and Significance (1983)International Cooperation and Reputation in an Empirical Two-Bloc Model (1987)The design of feedback rules in linear stochastic rational expectations models (1987)Optimal Monetary Policy in an Operational Medium‐Sized DSGE Model (2011)
this work references cited by second hop

References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1983Rules, discretion and reputation in a model of monetary policy3,625 cited
  • 1978On the Time Consistency of Optimal Policy in a Monetary Economy807 cited
  • 1975Analysis and control of dynamic economic systems792 cited
  • 1985Rational Expectations and Policy Credibility Following a Change in Regime272 cited
  • 1984International Policy Coordination in Dynamic Macroeconomic Models241 cited
  • 1986The Consistency of Optimal Policy in Stochastic Rational Expectations Models129 cited
  • 1985Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies118 cited
  • 1975A Note on Changes in Industrial Concentration in the United Kingdom29 cited
  • 1985Optimal feedback rules in an open economy macromodel with rational expectations27 cited

Cited by

  • 1987DOES INTERNATIONAL MACROECONOMIC POLICY COORDINATION PAY AND IS IT SUSTAINABLE?: A TWO COUNTRY ANALYSIS20 cited
  • 2019Türkiye Ekonomisinde Para Politikasının Güvenilirlik Sorunu: VAR Analizi13 cited

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