Credibility and monetary policy in a model with growth (original) (raw)

Oxford Economic Papers, 1998

Abstract

... distortion as a central issue in combating the inflation bias (see Goodhart, 1994), in contrast to the 'institutionalist' approach in Walsh (1995) and Svensson (1997). ... The first draft of this paper was written whilst Anton Muscatelli was a visiting Professor at the University of Bari. ...

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