Monetary Theory: Rules and Discretion
Over the last three decades, modern monetary theory has been developed within the framework of the “Rules vs Discretion” debate, based on the works of Kydland and Prescott (1977). However, in practice, the distinction becomes less clear, allowing monetary authorities have mixed decisions based on “R...
Autores principales: | , , |
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Formato: | Revistas |
Lenguaje: | Español |
Publicado: |
Universidad de Cartagena
2015
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Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/1375 |