Central Bank Financial Strength, Transparency, and Policy Credibility

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

The Optimal Degree of Commitment to an Intermediate Monetary Target

Kenneth Rogoff · The Quarterly Journal of Economics · 1985 · 3.7K citations

Social Sciences, Economics, Behavioral Economics +5

Rules, discretion and reputation in a model of monetary policy

Robert J. Barro, D. Benjamin Gordon · Journal of Monetary Economics · 1983 · 3.6K citations

Social Sciences, Economics, Macroeconomics +16

Transparency and Credibility: Monetary Policy With Unobservable Goals

Jon Faust, Lars E.O. Svensson · International Economic Review · 2001 · 443 citations · Full text

Social Sciences, Economics, Banking +12

Rational Expectations and Policy Credibility Following a Change in Regime

David Backus, John Driffill · The Review of Economic Studies · 1985 · 276 citations

Social Sciences, Economics, Public Policy +12