arxiv: General Relativity and Quantum Cosmology | Astrophysics::Cosmology and Extragalactic Astrophysics | Physics::Atmospheric and Oceanic Physics
We introduce a new type of incentive contract for central bankers: inflation forecast contracts, which make central bankers’ remunerations contingent on the precision of their inflation forecasts. We show that such contracts enable central bankers to influence inflation... View more
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