Optimal Inflation Targets, “Conservative” Central Banks, and Linear Inflation Contracts: Comment

Roel M. W. J. Beetsma

32 citations0/0 files storedAmerican Economic Review

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

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Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts: Comment by Roel M. W. J. Beetsma and Henrik Jensen. Published in volume 89, issue 1, pages 342-347 of American Economic Review, March 1999

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References

1985The Optimal Degree of Commitment to an Intermediate Monetary Target 1992Optimal Commitment in Monetary Policy: Credibility versus Flexibility 1993Designing institutions for monetary stability 1995Two Fallacies Concerning Central Bank Independence 1998Inflation Targeting: Lessons from Four Countries 1995Modern central banking 1997Optimal Inflation Targets, 'Conservative' Central Banks, and Linear Inflation Contracts 1998Political Economics and Macroeconomic Policy

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2014Delegating optimal monetary policy inertia 2012Grand corruption instead of commitment? Reconsidering time-inconsistency of monetary policy

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