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...

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...

This paper assesses the effects of expenditure composition as well as fiscal adjustment on...