Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52319
Berentsen, Aleksander; Strub, Carlo (2008). Central Bank Design with Heterogeneous Agents. Working paper series / Institute for Empirical Research in Economics No. 365, University of Zurich.
![[img]](http://www.zora.uzh.ch/style/images/fileicons/application_pdf.png)
| PDF 327Kb |
Abstract
We study alternative institutional arrangements for the determination of monetary policy in a general equilibrium model with heterogeneous agents,nwhere monetary policy has redistributive effects. Inflation is determined by a policy board using either simple-majority voting, supermajority voting, ornbargaining. We compare the equilibrium inflation rates to the first-best allocation.
| Item Type: | Working Paper |
|---|---|
| Communities & Collections: | 03 Faculty of Economics > Department of Economics Working Paper Series > Institute for Empirical Research in Economics (former) |
| DDC: | 330 Economics |
| Language: | English |
| Date: | April 2008 |
| Deposited On: | 29 Nov 2011 23:47 |
| Last Modified: | 09 Jul 2012 07:03 |
| Series Name: | Working paper series / Institute for Empirical Research in Economics |
| ISSN: | 1424-0459 |
| Official URL: | http://www.econ.uzh.ch/wp.html |
Users (please log in): suggest update or correction for this item
Repository Staff Only: item control page
