Inflation forecast targeting: Implementing and monitoring inflation targets

Discretion versus policy rules in practice

John B. Taylor · Carnegie-Rochester Conference Series on Public Policy · 1993 · 9K citations

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The Optimal Degree of Commitment to an Intermediate Monetary Target

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

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A Positive Theory of Monetary Policy in a Natural Rate Model

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A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information

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Carl E. Walsh · American Economic Review · 1995 · 1.1K citations

Business, Economics, Agency Theory +16