Can central bank independence be counterproductive? An open economy illustration.

被引：0

作者：

Desquilbet, JB ^{[1
]}

Villieu, P ^{[1
]}

机构：

[1] Univ Orleans, Lab Econ Orleans, Inst Orleanais Finance, UMR 6586, F-45067 Orleans 2, France

来源：

REVUE ECONOMIQUE | 1998年 / 49卷 / 06期

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper shows that, in a static two-country game theoretic model, delegating the monetary policy to an independent,, central bank may be counter-productive. The decision to delegate or not must be taken in the framework of a prisoners' dilemma, which leads to the question of how to coordinate the policymakers' decision on the <<good>> equilibrium.

引用

页码：1415 / 1434

页数：20

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