'Discretionary policy' diaporamas de présentation

Lecture 8

Lecture 8. Central Banks - The Issue of Credibility and Reputation. This lecture addresses two issues: Credibility The distinction between rules and discretion a) credible commitments b) rules can be learned by private agents, discretion cannot. Lucas v Tinbergen.

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Chapter 24

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Chapter 24

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The Federal Reserve

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Strategic Interaction between Fiscal and Monetary Policies in an Export-Oriented Economy

Strategic Interaction between Fiscal and Monetary Policies in an Export-Oriented Economy Sergey Merzlyakov Junior Research Fellow of the Laboratory for Macroeconomic Analysis National Research University Higher School of Economics, Moscow. Contents. Motivation

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