Statements (27)
Predicate | Object |
---|---|
gptkbp:instanceOf |
macroeconomic model
|
gptkbp:analyzes |
gptkb:economic_policy
|
gptkbp:assumes |
rational expectations
government as policy maker public forms expectations |
gptkbp:basisFor |
dynamic inconsistency literature
|
gptkbp:category |
gptkb:economic_policy
game theory |
gptkbp:describes |
time inconsistency problem
|
gptkbp:explains |
inflationary bias
|
gptkbp:field |
economics
macroeconomics |
gptkbp:focusesOn |
inflation
unemployment |
https://www.w3.org/2000/01/rdf-schema#label |
Barro-Gordon model
|
gptkbp:influenced |
rules vs discretion debate
|
gptkbp:proposedBy |
gptkb:Robert_Barro
gptkb:David_Gordon |
gptkbp:publishedIn |
gptkb:Journal_of_Political_Economy
|
gptkbp:relatedTo |
gptkb:Kydland-Prescott_model
|
gptkbp:shows |
commitment can improve outcomes
discretionary policy leads to higher inflation |
gptkbp:usedFor |
central bank credibility analysis
|
gptkbp:yearProposed |
1983
|
gptkbp:bfsParent |
gptkb:Robert_Barro
gptkb:Robert_J._Barro |
gptkbp:bfsLayer |
6
|