<script type="text/javascript">
<!--
document.write('<div id="oa_widget"></div>');
document.write('<script type="text/javascript" src="https://www.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=undefined&type=result"></script>');
-->
</script>

COPY SCRIPT

For further information contact us at helpdesk@openaire.eu

Overconfidence in Monetary Theory and Monetary Policy

descriptionPublicationkeyboard_double_arrow_right Part of book or chapter of book , Other literature type 01 Jan 2001 Netherlands English Publisher:Springer US

Authors: Brakman, S.; Garretsen, J.H.; Hoogduin, L.H.;

doi: 10.1007/978-1-4615-1549-4_10

handle: 11370/4c7bfbee-a76c-4aa1-a5ee-f5623c21bb26

Overconfidence in Monetary Theory and Monetary Policy

- Summary
- Subjects
- Metrics

Abstract

In this chapter we argue that when it comes to present-day monetary theory and policy, economists suffer from myopia and are prone to herd behaviour. As a result, too many economists give too much weight to actual economic developments which can have an excessive impact on economic theory and policy. “Conservatively dressed central bankers may not look like fashion victims, yet they are as prone to the latest craze as anybody else. Remember when monetarism was all the rage? Then central bank independence became the ‘in’ thing. The latest fashion is for inflation targets.“ The Economist, 25 September 1999

Country

Netherlands

Related Organizations

Radboud University Nijmegen
Netherlands
University of Groningen
Netherlands

Keywords

Institutional Shifts in Government and Governance in a Comparative and International Context

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	1
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Average
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average