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International Finance Discussion Papers - Loose Commitment in Medium-Scale Macroeconomic Models: Theory and Applications (Paperback) Loot Price: R223
Discovery Miles 2 230
You Save: R45 (17%)
International Finance Discussion Papers - Loose Commitment in Medium-Scale Macroeconomic Models: Theory and Applications...
International Finance Discussion Papers - Loose Commitment in Medium-Scale Macroeconomic Models: Theory and Applications...

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International Finance Discussion Papers - Loose Commitment in Medium-Scale Macroeconomic Models: Theory and Applications (Paperback)

Davide Debortoli; Created by United States Federal Reserve Board, et al

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List price R268 Loot Price R223 Discovery Miles 2 230 You Save R45 (17%)

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This paper proposes a method and a toolkit for solving optimal policy with imperfect commitment. As opposed to the existing literature, our method can be employed in medium- and large-scale models typically used in monetary policy. We apply our method to the Smets and Wouters (2007) model, where we show that imperfect commitment has relevant implications for interest rate setting, the sources of business cycle fluctuations, and welfare.

General

Imprint: Bibliogov
Country of origin: United States
Release date: February 2013
First published: February 2013
Authors: Davide Debortoli
Creators: United States Federal Reserve Board • et al
Dimensions: 246 x 189 x 2mm (L x W x T)
Format: Paperback - Trade
Pages: 32
ISBN-13: 978-1-288-72388-1
Barcode: 9781288723881
Categories: Promotions
Books > Social sciences > Politics & government
Books > Social sciences > Politics & government > General
LSN: 1-288-72388-1

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