Comment on 'Market discipline and monetary policy' by Carl Walsh

被引:0
|
作者
Bugarin, MS [1 ]
de Carvalho, FA [1 ]
机构
[1] Univ Brasilia, Dept Econ, BR-70910900 Brasilia, DF, Brazil
来源
OXFORD ECONOMIC PAPERS-NEW SERIES | 2005年 / 57卷 / 04期
关键词
D O I
10.1093/oep/gpi033
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper shows that the results Walsh (2000, Market discipline and monetary policy, Oxford Economic Papers, 52, 249-71) obtains are highly sensitive to the assumption that different wage contracts are based on different information sets even though they are negotiated simultaneously. In particular, the power of future expectations to discipline an opportunistic central banker is much weaker when homogeneous information sets are used.
引用
收藏
页码:732 / 739
页数:8
相关论文
共 50 条
  • [31] Market discipline in banking: Theory and evidence - Comment
    Rosenblum, H
    MARKET DISCIPLINE IN BANKING: THEORY AND EVIDENCE, 2003, 15 : 151 - 154
  • [32] Market discipline in banking: Theory and evidence - Comment
    Bisignano, J
    MARKET DISCIPLINE IN BANKING: THEORY AND EVIDENCE, 2003, 15 : 131 - 137
  • [33] Market discipline in banking: Theory and evidence - Comment
    Kaufman, GG
    MARKET DISCIPLINE IN BANKING: THEORY AND EVIDENCE, 2003, 15 : 145 - 150
  • [34] Unconventional monetary policy and the stock market
    Sajjadur Rahman
    Apostolos Serletis
    Journal of Economics and Finance, 2023, 47 (3) : 707 - 722
  • [35] Monetary policy and the housing market in 2023
    Rodriguez-Lopez, Julio
    CIUDAD Y TERRITORIO-ESTUDIOS TERRITORIALES-CYTET, 2023, 55 (216): : 547 - 560
  • [36] Unconventional monetary policy and the stock market
    Rahman, Sajjadur
    Serletis, Apostolos
    JOURNAL OF ECONOMICS AND FINANCE, 2023, 47 (03) : 707 - 722
  • [37] Monetary Policy, Market Power, and SMEs
    Ferrando, Annalisa
    Mcadam, Peter
    Petroulakis, Filippos
    Vives, Xavier
    AEA PAPERS AND PROCEEDINGS, 2023, 113 : 105 - 109
  • [38] Monetary policy and market interest rates
    Ellingsen, T
    Söderström, U
    AMERICAN ECONOMIC REVIEW, 2001, 91 (05): : 1594 - 1607
  • [39] Monetary policy and housing market cycles
    Chen, Shiu-Sheng
    Lin, Tzu-Yu
    Wang, Jen-Kuan
    MACROECONOMIC DYNAMICS, 2024,
  • [40] Monetary policy and the housing market in Australia
    Wadud, I. K. M. Mokhtarul
    Bashar, Omar H. M. N.
    Ahmed, Huson Joher Ali
    JOURNAL OF POLICY MODELING, 2012, 34 (06) : 849 - 863