7 citations · 14 across the 6 of their papers we have counts for
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econ.GN2020
Policy Maker's Credibility with Predetermined Instruments for Forward-Looking Targets
Jean-Bernard Chatelain, Kirsten Ralf
The aim of the present paper is to provide criteria for a central bank of how to choose among different monetary-policy rules when caring about a number of policy targets such as t…
econ.GN2020
Imperfect Credibility versus No Credibility of Optimal Monetary Policy
Jean-Bernard Chatelain, Kirsten Ralf
A minimal central bank credibility, with a non-zero probability of not renegning his commitment ("quasi-commitment"), is a necessary condition for anchoring inflation expectations…
econ.GN2020
Ramsey Optimal Policy versus Multiple Equilibria with Fiscal and Monetary Interactions
Jean-Bernard Chatelain, Kirsten Ralf
We consider a frictionless constant endowment economy based on Leeper (1991). In this economy, it is shown that, under an ad-hoc monetary rule and an ad-hoc fiscal rule, there are…