Endogenous economic policy - Ways out of the time inconsistency trap
6 important questions on Endogenous economic policy - Ways out of the time inconsistency trap
Time inconsistency trap is another term for?
On what three things does the inflationary bias rely?
The ability for governments to shift the DAD curve
The shape of the government indifference curves
What does the constraint component of inflationary bias compromise?
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In what two ways does one steepen the SAS curve?
automatic inflation adjustments in contracts
In what way does one change the government indifference curves?
In what two ways can one decrease instrumental potency?
By fixing exchange rate
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