1 / 18

Time-Inconsistency in Economic Policy Inflation, Output and Welfare under Discretion, Credibility, Cheating and Policy R

Time-Inconsistency in Economic Policy Inflation, Output and Welfare under Discretion, Credibility, Cheating and Policy Rule. Discretion, Policy Rule and Cheating in Economic Policy. Social Cost function: Objectives of Policy Makers. Optimisation problem for Economic Policy.

gerry
Download Presentation

Time-Inconsistency in Economic Policy Inflation, Output and Welfare under Discretion, Credibility, Cheating and Policy R

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Time-Inconsistency in Economic PolicyInflation, Output and Welfare under Discretion, Credibility, Cheating and Policy Rule Macroeconomic Themes:15

  2. Discretion, Policy Rule and Cheating in Economic Policy Macroeconomic Themes:15

  3. Social Cost function: Objectives of Policy Makers Macroeconomic Themes:15

  4. Optimisation problem for Economic Policy Macroeconomic Themes:15

  5. Policy Rule, Discretion, Cheating and Time Inconsistency in Economic Policy Making Macroeconomic Themes:15

  6. Slopes of Social Cost Function Macroeconomic Themes:15

  7. Optimal inflation under the discretion-1 Macroeconomic Themes:15

  8. Optimal inflation under the discretion- 2 Macroeconomic Themes:15

  9. Optimal inflation under the discretion- 3 Macroeconomic Themes:15

  10. Actual output under the discretion Macroeconomic Themes:15

  11. Social Welfare Cost Under the Discretion Macroeconomic Themes:15

  12. I Actual Inflation, output and Social Cost Under the Policy Rule Macroeconomic Themes:15

  13. Cheating Problem in Economic Policy Macroeconomic Themes:15

  14. Inflation and Output Under Cheating:Incredibility and Time-Inconsistency in economic Policy-1 Macroeconomic Themes:15

  15. Inflation and Output Under Cheating:Incredibility and Time-Inconsistency in economic Policy-2 Macroeconomic Themes:15

  16. Comparison of the Social Welfare Cost Under Discretion, Cheating and Policy Rule Macroeconomic Themes:15

  17. Key Remarks about Time-Inconsistency Problem in Policy Making Macroeconomic Themes:15

  18. References Macroeconomic Themes:15

More Related