| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9549278 | Economics Letters | 2005 | 5 Pages |
Abstract
In the canonical time inconsistency model of monetary policy the rational expectations equilibrium is expectationally stable. Central bank transparency is undesirable if and only if the private sector's initial inflation forecast is in a certain interval near the equilibrium inflation.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Thomas E. Cone,