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Quantifying and sustaining welfare gains from monetary commitment
Journal article

Quantifying and sustaining welfare gains from monetary commitment

P Levine, P McAdam and J Pearlman
JOURNAL OF MONETARY ECONOMICS, Vol.55(7), pp.1253-1276
01/10/2008

Abstract

Social Sciences Business Finance Economics Business & Economics BUSINESS FINANCE ECONOMICS Monetary rules Commitment Discretion Welfare gains FOUNDED MACROECONOMETRIC MODELS POLICY RULES REPUTATION UNCERTAINTY DISCRETION
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