EconPapers    
Economics at your fingertips  
 

Credibility and Flexibility with Monetary Policy Committees

Ilian Mihov () and Anne Sibert
Additional contact information
Anne Sibert: Birkbeck College, University of London

No 232002, Working Papers from Hong Kong Institute for Monetary Research

Abstract: We consider independent monetary policy committees as a simple way of attaining relatively low inflation without completely sacrificing an activist role of monetary policy. If central banker¡¦s types are unknown, then for a wide range of parameters an independent monetary policy committee is better than either a mandated zero-inflation rule or discretionary policy conducted by an opportunistic central banker.

JEL-codes: E42 E52 E58 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2002-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://www.hkimr.org/uploads/publication/286/ub_full_0_2_25_wp200223_text.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Internal Server Error (http://www.hkimr.org/uploads/publication/286/ub_full_0_2_25_wp200223_text.pdf [301 Moved Permanently]--> http://www.aof.org.hk/research/HKIMR/uploads/publication/286/ub_full_0_2_25_wp200223_text.pdf [301 Moved Permanently]--> https://www.aof.org.hk/research/HKIMR/uploads/publication/286/ub_full_0_2_25_wp200223_text.pdf)

Related works:
Working Paper: Credibility and Flexibility with Monetary Policy Committees (2002) Downloads
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: https://EconPapers.repec.org/RePEc:hkm:wpaper:232002

Access Statistics for this paper

More papers in Working Papers from Hong Kong Institute for Monetary Research Contact information at EDIRC.
Bibliographic data for series maintained by HKIMR ().

 
Page updated 2021-04-09
Handle: RePEc:hkm:wpaper:232002