The Walsh contract for central bankers proves optimal after all!
Author:
Publisher
Springer Science and Business Media LLC
Subject
Economics and Econometrics,Sociology and Political Science
Link
http://link.springer.com/content/pdf/10.1007/s11127-006-9115-z.pdf
Reference6 articles.
1. Barro, R.J., & Gordon, D.B. (1983). A positive theory of monetary policy in a natural rate model. Journal of Political Economy, 91(4), 589–610.
2. Candel-Sánchez, F., & Campoy-Miñarro, J.C. (2004) Is the Walsh contract really optimal? Public Choice, 120(1–2), 29–39.
3. Chortareas, G.E., & Miller, S.M. (2003a) Monetary policy delegation, contract costs, and contract targets. Bulletin of Economic Research, 55(1), 101–112.
4. Chortareas, G.E., & Miller, S.M. (2003b) Central banker contracts, incomplete information, and monetary policy surprises: In search of a selfish central banker? Public Choice, 116(3–4), 271–296.
5. Persson, T., & Tabellini, G. (1993) Designing institutions for monetary stability. Carnegie-Rochester Series on Public Policy, 39, 33–84.
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