The Walsh contract for central bankers proves optimal after all!
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References listed on IDEAS
- Barro, Robert J & Gordon, David B, 1983.
"A Positive Theory of Monetary Policy in a Natural Rate Model,"
Journal of Political Economy,
University of Chicago Press, vol. 91(4), pages 589-610, August.
- Robert J. Barro & David B. Gordon, 1981. "A Positive Theory of Monetary Policy in a Natural-Rate Model," NBER Working Papers 0807, National Bureau of Economic Research, Inc.
- Georgios E. Chortareas & Stephen M. Miller, 2003.
"Monetary Policy Delegation, Contract Costs and Contract Targets,"
Bulletin of Economic Research,
Wiley Blackwell, vol. 55(1), pages 101-112, January.
- Georgios E. Chortareas & Stephen M. Miller, 2000. "Monetary Policy Delegation, Contract Costs, and Contract Targets," Working papers 2000-01, University of Connecticut, Department of Economics.
- Persson, Torsten & Tabellini, Guido, 1993. "Designing institutions for monetary stability," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 53-84, December.
- Walsh, Carl E, 1995. "Optimal Contracts for Central Bankers," American Economic Review, American Economic Association, vol. 85(1), pages 150-167, March.
CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- Dai, Meixing & Spyromitros, Eleftherios, 2012. "Inflation contract, central bank transparency and model uncertainty," Economic Modelling, Elsevier, vol. 29(6), pages 2371-2381.
- Juan Campoy & Juan Negrete, 2008. "Optimal central banker contracts and common agency: a comment," Public Choice, Springer, vol. 137(1), pages 197-206, October.
- Giuseppe Ciccarone & Enrico Marchetti, 2012. "Optimal linear contracts under common agency and uncertain central bank preferences," Public Choice, Springer, vol. 150(1), pages 263-282, January.
- Enrico MARCHETTI & Giuseppe CICCARONE, "undated".
"Linear Contracts, Common Agency and Central Bank Preference Uncertainty,"
- Giuseppe Ciccarone & Enrico Marchetti, 2008. "Linear Contracts, Common Agency and Central Bank Preference Uncertainty," Working Papers 115, University of Rome La Sapienza, Department of Public Economics.
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KeywordsCentral banks; Optimal contracts;
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