Journal Article
Time-inconsistent monetary policies: recent research
Abstract: This Economic Letter looks at time-inconsistency, describing why the same mechanisms that can lead to higher average inflation also can hamper policymakers' efforts to keep inflation stable.
Keywords: Monetary policy; Inflation (Finance);
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Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2003
Order Number: 10