Commitment Versus Discretion In Monetary Policy *

  • BY MICHAEL DOTSEY
  • Published 2008
*The views expressed here are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. hether policymakers should commit to a certain course of action or have the flexibility to approach each situation as it arises continues to be a central question in the design of monetary… (More)

2 Figures & Tables

Topics