The Naive Central Banker
There has been in some countries a trend of assigning other functions to central banks besides price stability. The most suggested function to be added to monetary authority’s obligations is to pursue economic growth or full employment. In this paper we characterize the behavior and analyse the opti...
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| Format: | Article |
| Language: | English |
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Fundação Getúlio Vargas
2015-09-01
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| Series: | Revista Brasileira de Economia |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402015000300355&lng=en&tlng=en |