Rogoff revisited: The conservative central banker proposition under active fiscal policies
Andrew Hughes Hallett,
Jan Libich and
Petr Stehlík
Economics Letters, 2009, vol. 104, issue 3, 140-143
Abstract:
The paper re-examines Rogoff's [Rogoff, K., 1985. The Optimal Degree of Commitment to an Intermediate Monetary Target. Quarterly Journal of Economics 100, 1169-1189.] influential monetary policy result. It shows that responses of a conservative central banker and the resulting macroeconomic outcomes may be substantially different if interactions with (ambitious) fiscal policy are taken into account.
Keywords: Conservative; central; banker; Monetary; and; fiscal; policy; interaction; Inflation; Deficit; Debt (search for similar items in EconPapers)
Date: 2009
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Working Paper: ROGOFF REVISITED: THE CONSERVATIVE CENTRAL BANKER PROPOSITION UNDER ACTIVE FISCAL POLICIES (2007) 
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:104:y:2009:i:3:p:140-143
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