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时间一致性问题及其政策意义

Time Consistency and Its Policy Significance
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摘要 传统的经济学理论认为熏相机抉择机制能有效地解决经济活动中的滞胀问题熏然而芬恩·基德兰德(FinnE.Kydland)和爱德华·普雷斯科特(EdwardC.Prescott)认为熏相机抉择机制所导致的只是一种次优的选择,政府只有采取一致性的货币或时间政策熏才能取得既定的经济目标熏达到经济的最优均衡。 The traditional theories of economics hold that discretion mechanism can be an effective solution to stagflation in economy. However, Finn E.Kydland and Edward C.Prescott argue that discretion mechanism only leads to a secondary choice. The government should adopt consistence of money or time policy so as to attain the decided economic target and superior balance of economy.
出处 《湖北经济学院学报》 2005年第3期19-22,共4页 Journal of Hubei University of Economics
关键词 相机抉择 时间一致性 discretion time consistency
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参考文献4

  • 1[1]Finn E.Kydland and Edward C.Prescott.Rules rather than discretion:The inconsistency of optimal plan[J].Journal of political economy,1977.
  • 2[2]Friedman,M.A.Monetary and Fiscal Framework for Economic Stabilization[M].A.E.R 38,1948.
  • 3[3]Lucas,R.E.,Jr.Adjustment Costs and the Theory of Supply[M].J.P.E.,1967.
  • 4[1]张维迎.博弈论与信息经济学[M].上海:三联书店,2002.

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