Economics at your fingertips  

Why Money Talks and Wealth Whispers: Monetary Uncertainty and Mystique: Comment

Roel Beetsma and Henrik Jensen ()

Journal of Money, Credit and Banking, 2003, vol. 35, issue 1, 129-36

Abstract: We demonstrate that in important cases Propositions 3 and 4 in Eijffinger, Hoeberichts, and Schaling (2000) may fail. Moreover, their monetary policy delegation arrangement, which advocates that central banker preference uncertainty may be desirable, is dominated by other arrangements without any such uncertainty. Finally, their way of modelling preference uncertainty leads to arbitrary effects on average monetary policy. Without these, preference uncertainty is never desirable.

Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (29) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Journal of Money, Credit and Banking is currently edited by Robert deYoung, Paul Evans, Pok-Sang Lam and Kenneth D. West

More articles in Journal of Money, Credit and Banking from Blackwell Publishing
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().

Page updated 2020-10-29
Handle: RePEc:mcb:jmoncb:v:35:y:2003:i:1:p:129-36