Essays about: "negative effects of inflationary policy"

Found 1 essay containing the words negative effects of inflationary policy.

  1. 1. Central Bank Independence, Centralized Wage Bargaining and Price Stability in a Monetary Policy Game

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Daniel Hedblom; [2008]
    Keywords : inflation; Panel Data; monetary policy; Central Bank Independence; Game Thoery; Centrailzation of Wage Bargaining; Reputational Equilibrium; Credibility; Economics; econometrics; economic theory; economic systems; economic policy; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Business and Economics;

    Abstract : This paper addresses the usefulness of studying the interplay between central bank independence and centralized wage bargaining in the context of a repeated monetary policy game. Conventional macroeconomic wisdom suggests that because of increased credibility and the possibility to overcome inflationary bias, increased central bank independence has a negative effect on inflation rates. READ MORE