The Optimal Degree of Discretion in Monetary Policy
Work
Year: 2005
Type: article
Abstract: How much discretion should the monetary authority have in setting its policy? This question is analyzed in an economy with an agreed-upon social welfare function that depends on the economy's randomly... more
Source: Econometrica
Institutions Stanford University, Federal Reserve Bank of Minneapolis, University of Minnesota, Federal Reserve
Cites: 61
Cited by: 152
Related to: 10
FWCI: 9.893
Citation percentile (by year/subfield): 100
Topic: Economic theories and models
Subfield: Economics and Econometrics
Domain: Social Sciences
Sustainable Development Goal Decent work and economic growth
Open Access status: green