Barro-Gordon model

GPTKB entity

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