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Monetary accommodation, imperfect central bank transparency and optimal delegation

Article ID Journal Published Year Pages File Type
5059475 Economics Letters 2013 5 Pages PDF
Abstract
Optimal delegation restores the beneficial effects of non-accommodating monetary policy when the central bank is allowed to be not fully transparent about its response to wages.
Keywords
E24J51Optimal delegationWage settingCentral bank transparencyCalibration
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Monetary accommodation, imperfect central bank transparency and optimal delegation
Authors
Marcelo Sánchez,
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Journal
Economics Letters
Journal: Economics Letters
Related Categories
E24
J51
Optimal delegation
Wage setting
Central bank transparency
Calibration
Economics and Econometrics
Economics, Econometrics and Finance (General)
Finance
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