Endogenous monetary commitment

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 112
Issue: 1
Pages: 103-106

Authors (2)

Libich, Jan (La Trobe University) Stehlík, Petr (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We develop an asynchronous framework in which each player can optimally select the frequency of his moves based on cost-benefit considerations. To demonstrate how such ability to commit can alleviate coordination problems, we apply the framework to monetary policy.

Technical Details

RePEc Handle
repec:eee:ecolet:v:112:y:2011:i:1:p:103-106
Journal Field
General
Author Count
2
Added to Database
2026-01-25