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Performance contracts for central bankers.

Authors :
Waller, Christopher J.
Source :
Review (00149187); Sep/Oct95, Vol. 77 Issue 5, p3, 12p
Publication Year :
1995

Abstract

Examines the performance contracts proposal which would provide the proper financing incentive for the central banker to pursue price stability. Determination of monetary policy; Influence of inflation and inflation expectations on output; Resolution of the time-inconsistency problem.

Subjects

Subjects :
PERFORMANCE contracts
CENTRAL banking industry
PRICE inflation

Details

Language :
English
ISSN :
00149187
Volume :
77
Issue :
5
Database :
Complementary Index
Journal :
Review (00149187)
Publication Type :
Academic Journal
Accession number :
9601071224
Full Text :
https://doi.org/10.20955/r.77.3-14
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