Discretionary policy & time inconsistency
Question
Should macroeconomic policy be discretionary or rule based? You may illustrate your answer with a formal model.
Carl E. Walsh, Monetary Theory and Policy, Second Edition, 2003.
By OTA: Hatim Baxamusa, MBA (IP)
OTA Rating: 4.8/5
Your Price: $2.19 (original value ~$99.75)
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