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Policy rule macroeconomic themes - PowerPoint PPT Presentation

Time-Inconsistency in Economic Policy Inflation, Output and Welfare under Discretion, Credibility, Cheating and Policy R

Time-Inconsistency in Economic Policy Inflation, Output and Welfare under Discretion, Credibility, Cheating and Policy Rule. Discretion, Policy Rule and Cheating in Economic Policy. Social Cost function: Objectives of Policy Makers. Optimisation problem for Economic Policy.

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Policy rule macroeconomic themes - PowerPoint PPT Presentation

Time-Inconsistency in Economic Policy Inflation, Output and Welfare under Discretion, Credibility, Cheating and Policy R