Credible Monetary Policy in an Infinite Horizon Model: Recursive Approaches

Dynamic Programming

1957 • 13,549 citations

Rules Rather than Discretion: The Inconsistency of Optimal Plans

1977 • 7,667 citations

Optimal fiscal and monetary policy in an economy without capital

1983 • 1,916 citations

Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives

1986 • 1,564 citations

Redistributive taxation in a simple perfect foresight model

1985 • 1,310 citations

Toward a Theory of Discounted Repeated Games with Imperfect Monitoring

1990 • 1,277 citations

On the Theory of Infinitely Repeated Games with Discounting

1988 • 1,256 citations

On the Time Consistency of Optimal Policy in a Monetary Economy

1978 • 796 citations

On Repeated Moral Hazard with Discounting

1987 • 657 citations

Income fluctuation and asymmetric information: An example of a repeated principal-agent problem

1990 • 387 citations

Dynamic optimal taxation, rational expectations and optimal control

1980 • 319 citations

Contractual Arrangements for Intertemporal Trade

1987 • 317 citations

Optimal Fiscal Policy in a Business Cycle Model

1994 • 305 citations

Sustainable Plans

1990 • 258 citations

Optimality of the Friedman rule in economies with distorting taxes

1996 • 254 citations

Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?

1983 • 215 citations

Sustainable Plans and Mutual Default

1993 • 143 citations

Credible public policy

1991 • 129 citations

The optimum quantity of money

1990 • 127 citations

Computing Supergame Equilibria

2003 • 118 citations

Chapter 20 The optimum quantity of money

1990 • 97 citations

Sustainable monetary policies

1997 • 89 citations

Towards a Theory of Discounted Repeated Games with Imperfect Monitoring

1986 • 54 citations

Strongly Symmetric Subgame Perfect Equilibria in Infinitely Repeated Games with Perfect Monitoring and Discounting

1994 • 45 citations

The Optimum Quantity of Money Revisited

1992 • 39 citations

Untitled

1997 • 31 citations

Time Consistent Taxation by a Government with Redistributive Goals

1997 • 21 citations

Time Consistent Taxation by a Government with Redistributive Goals

1993 • 1 citations