Research Discussion Paper – RDP 8801 Time-Consistent Policy: A Survey of the Issues
January 1988
- Abstract
- Download the Paper 640KB
Contents
- Introduction
- The Problem of Time-Inconsistent Policies
- Can the Optimal Policy be Credible?
- Competing Political Parties
- Conclusion
- Appendix: Mathematical Solutions
- References
Endnote
I wish to thank Adrian Blundell-Wignall, Mike Burns, Malcolm Edey and Eric Siegloff for comments. The views expressed in this paper are those of the author and do not necessarily reflect the views of the Reserve Bank. [*]