Browsing Faculté des arts et des sciences – Département de sciences économiques by Subject "game-theoretical models of monetary policy"
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Does the Barro-Gordon Model Explain the Behavior of US Inflation? a Reexamination of the Empirical Evidence
(Université de Montréal. Département de sciences économiques., 2002)This paper tests the predictions of the Barro-Gordon model using US data on inflation and unemployment. To that end, it constructs a general game-theoretical model with asymmetric preferences that nests the Barro-Gordon model and a version of Cukierman’s ...