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Discretionary monetary policy with costly inflation

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  • Dennis, Richard

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 65 (1999)
Issue (Month): 1 (October)
Pages: 91-96

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Handle: RePEc:eee:ecolet:v:65:y:1999:i:1:p:91-96

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Web page: http://www.elsevier.com/locate/ecolet

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  1. Stanley Fischer, 1993. "The Role of Macroeconomic Factors in Growth," NBER Working Papers 4565, National Bureau of Economic Research, Inc.
  2. Ireland, Peter N., 1997. "Sustainable monetary policies," Journal of Economic Dynamics and Control, Elsevier, vol. 22(1), pages 87-108, November.
  3. Walsh, Carl E, 1995. "Optimal Contracts for Central Bankers," American Economic Review, American Economic Association, vol. 85(1), pages 150-67, March.
  4. De Gregorio, Jose, 1993. "Inflation, taxation, and long-run growth," Journal of Monetary Economics, Elsevier, vol. 31(3), pages 271-298, June.
  5. Pearce, Douglas K. & Sobue, Motoshi, 1997. "Uncertainty and the inflation bias of monetary policy," Economics Letters, Elsevier, vol. 57(2), pages 203-207, December.
  6. Cubitt, Robin P, 1993. "Welfare and Monetary Precommitment in an Economy with Menu Costs and Unionized Wage Setting," Bulletin of Economic Research, Wiley Blackwell, vol. 45(1), pages 7-17, January.
  7. Martin Feldstein, 1983. "Inflation, Tax Rules, and Investment: Some Econometric Evidence," NBER Chapters, in: Inflation, Tax Rules, and Capital Formation, pages 243-286 National Bureau of Economic Research, Inc.
  8. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-91, June.
  9. Rogoff, Kenneth, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, MIT Press, vol. 100(4), pages 1169-89, November.
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Cited by:
  1. Diego Valderrama & Mark M. Spiegel, 2003. "Currency boards, dollarized liabilities, and monetary policy credibility," Working Paper Series 2003-07, Federal Reserve Bank of San Francisco.

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