Sökning: "Time-inconsistency"
Visar resultat 6 - 6 av 6 avhandlingar innehållade ordet Time-inconsistency.
6. Institutions and incentives in monetary and fiscal policy
Sammanfattning : This thesis consists of five independent papers, which are summarized as follows. ”Fiscal Policy when Monetary Policy is Tied to the Mast” analyzes the time inconsistency problem of both exchange rate policy and fiscal policy in a small open economy. The equilibrium under discretion is characterized by inflation and a deficit. LÄS MER