Search Results for Commitment-Discretion Trade-Off

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As developing economies become richer, they seek to contract with the global economy in...

The form of bounded rationality characterizing the representative agent is key in the choice of...

In this paper I study the effect of imperfect central bank commitment on inflationary outcomes. I...

I regress real GDP growth rates on the IMF’s growth forecasts and find that IMF forecasts behave...

We provide cross-country evidence on the relative importance of cyclical and structural factors...

We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The...