Can a government with an overly ambitious output target credibly commit to targeting equilibrium output? If not,

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Can a government with an overly ambitious output target credibly commit to targeting equilibrium output? If not, then how can they solve the inflation bias problem?

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Macroeconomics Institutions Instability And The Financial System

ISBN: 9780199655793

1st Edition

Authors: Wendy Carlin, David Soskice

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Question Posted: Jun 10, 2024 02:08 AM

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Can a government with an overly ambitious output target credibly commit to targeting equilibrium output? If not,

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Macroeconomics Institutions Instability And The Financial System

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