Rules, discretion and reputation in a model of monetary policy
Integrity signals
Registry
Cites
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Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
The economic theory case for central bank independence rests on the time inconsistency argument.
“The economic theory case for CBI rests on the argument of time inconsistency (Barro and Gordon 1983;Kydland and Prescott 1977).”
From Independent Agencies, Distribution, and Legitimacy: The Case of Central Banks (2020) · cites this paper as Barro and Gordon 1983
Cited by
Sorted by citations
Discretion versus policy rules in practice
Taylor, J. B. (1993) · Carnegie-Rochester Conference Series on Public Policy · doi:10.1016/0167-2231(93)90009-l · Cited by 9,065 · see citing works
KEEFER, P., & STASAVAGE, D. (2003) · American Political Science Review · doi:10.1017/s0003055403000777 · Cited by 667 · see citing works
Does central bank independence really matter?
Haan, J. D., & Kooi, W. J. (2000) · Journal of Banking & Finance · doi:10.1016/s0378-4266(99)00084-9 · Cited by 176 · see citing works
Addressing policy credibility problems for low-carbon investment
Nemet, G. F., Jakob, M., Steckel, J. C., & Edenhofer, O. (2017) · Global Environmental Change · doi:10.1016/j.gloenvcha.2016.12.004 · Cited by 106 · see citing works
Independent Agencies, Distribution, and Legitimacy: The Case of Central Banks
DIETSCH, P. (2020) · American Political Science Review · doi:10.1017/s0003055419000790 · Cited by 60 · see citing works
Modelling central bank behaviour in Nigeria:A Markov-switching approach
Ayinde, T. O., Bankole, A. S., & Adeniyi, O. (2020) · Central Bank Review · doi:10.1016/j.cbrev.2020.11.001 · Cited by 6 · see citing works
- Authors
- Barro, R. J., & Gordon, D. B.
- Affiliations
- National Bureau of Economic Research (US)
- University of Rochester (US)
- ORCID
- Barro, Robert J.
- Venue
- Journal of Monetary Economics
- Publisher
- Elsevier BV
- Published
- 1983-01
- Volume
- 12
- Issue
- 1
- Pages
- 101-121
- ISSN
- 0304-3932 (ISSN-L)
- OpenAlex
- W3125780895
- Cited by
- 3,610
- References
- 0
- Citations by year
- 2026: 85 · 2025: 99 · 2024: 71 · 2023: 59 · 2022: 68 · 2021: 56 · 2020: 177 · 2019: 102 · 2018: 91 · 2017: 71 · 2016: 96 · 2015: 88 · 2014: 105 · 2013: 119 · 2012: 92
- FWCI
- 49.90
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Monetary Economics (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Keywords
- monetary policy rules, discretionary monetary policy, reputation, inflation expectations, unexpected inflation, monetary commitment, money growth, price level, repeated interaction, discount rate, optimal monetary policy
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
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