Optimal Commitment in Monetary Policy: Credibility versus Flexibility

Rules Rather than Discretion: The Inconsistency of Optimal Plans

Finn E. Kydland, Edward C. Prescott · Journal of Political Economy · 1977 · 7.9K citations

Social Sciences, Economics, Public Policy +15

Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule

Stanley Fischer · Journal of Political Economy · 1977 · 1.9K citations

Social Sciences, Economics, Macroeconomics +12

Monetary Policy Games and the Role of Private Information

Matthew B. Canzoneri · International Finance Discussion Paper · 1984 · 449 citations · Full text

Social Sciences, Economics, Public Finance +17

A Note on the Relation between the Rate and Variability of Inflation

Dennis E. Logue, Thomas D. Willett · Economica · 1976 · 190 citations

Social Sciences, Economics, Public Policy +9

Reputation in a Model of Monetary Policy with Incomplete Information

Robert J. Barro · National Bureau of Economic Research · 1986 · 138 citations · Full text

Social Sciences, Economics, Behavioral Economics +14