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On the Political Economy of Sequential Reforms

Author

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  • Ruge-Murcia, F.J.

Abstract

This paper studies the proposition that an inflation bias can arise in a setup where a central banker with asymmetric preferences targets the natural unemloyment rate.

Suggested Citation

  • Ruge-Murcia, F.J., 2001. "On the Political Economy of Sequential Reforms," Cahiers de recherche 2001-22, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    • Handle: RePEc:mtl:montec:2001-22
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    More about this item

    Keywords

    INFLATION ; CENTRAL BANKS;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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