Concepedia

Discretion Debate

The "Discretion Debate" is a theoretical framework in macroeconomic stabilization that contrasts the effectiveness of discretionary policy interventions with rule-based policy approaches by evaluating the trade-offs between flexibility in responding to economic shocks and the risks of time inconsistency, political influence, and reduced policy credibility.

14

Publications

430

Citations

12

Authors

9

Institutions

Publications per year

2017–2026

3

Variants

Rules Versus Discretion DebateRules Vs Discretion Debate

Parents

Publications

14

A Post Keynesian view of central bank independence, policy targets, and the rules versus discretion debate

L. Randall Wray · Journal of Post Keynesian Economics · 2007 · 74 citations · Full text

, , +15

Conviction According to Conscience: The Medieval Jurists' Debate Concerning Judicial Discretion and the Law of Proof

Richard M. Fraher · Law and History Review · 1989 · 70 citations

, , +14

The rules-versus-discretion debate in the light of recent experience

Alan S. Blinder · Review of World Economics · 1987 · 57 citations

, , +12

A Post-Keynesian View of Central Bank Independence, Policy Targets, and the Rules-Versus-Discretion Debate

L. Randall Wray · SSRN Electronic Journal · 2007 · 33 citations · Full text

, , +15

The Rules versus Discretion Debate Over Monetary Policy in the 1920s

Robert L. Hetzel · SSRN Electronic Journal · 1985 · 31 citations · Full text

, , +14

1–5 of 14

Authors

12

  1. LR
    L. Randall Wray

    University of Missouri–Kansas City, United States

    3 publications · 119 citations

    3

    h-index

  2. AS
    Alan S. Blinder

    Princeton University, United States

    2 publications · 83 citations

    2

    h-index

  3. RL
    Robert L. Hetzel

    Federal Reserve Bank of Richmond, United States

    2 publications · 49 citations

    2

    h-index

  4. FS
    Frederic S. Mishkin

    National Bureau of Economic Research, United States

    1 publications · 17 citations

    1

    h-index

  5. DB
    David Bull

    ARM (United Kingdom), United Kingdom

    1 publications · 15 citations

    1

    h-index

1–5 of 12

Institutions

9

  1. University of Missouri–Kansas City

    Kansas City, United States

    3 h-index

    3 publications

    119 citations

  2. National Bureau of Economic Research

    Cambridge, United States

    3 h-index

    3 publications

    72 citations

  3. Princeton University

    Princeton, United States

    1 h-index

    1 publications

    26 citations

  4. Hoover Institution

    Stanford, United States

    1 h-index

    1 publications

    29 citations

  5. University of Bristol

    Bristol, United Kingdom

    1 h-index

    1 publications

    15 citations

  6. Stanford University

    Stanford, United States

    1 h-index

    1 publications

    29 citations

  7. Federal Reserve Bank of Richmond

    Richmond, United States

    1 h-index

    1 publications

    31 citations

  8. Levy Economics Institute of Bard College

    New York, United States

    1 h-index

    1 publications

    33 citations

1–8 of 9

Venues

  1. Econstor (Econstor)

    Repository · 2 publications · 25 citations

    2

    h-index

  2. SSRN Electronic Journal

    Repository · 2 publications · 64 citations

    2

    h-index

  3. National Bureau of Economic Research

    Repository · 2 publications · 55 citations

    2

    h-index

  4. International Finance

    1 publications · 17 citations

    1

    h-index

  5. Law and History Review

    1 publications · 70 citations

    1

    h-index

1–5