Construct · 1 fields · 1 citations

Cukierman-Meltzer hypothesis: a standalone construct

One name. One construct. A landmark on the map.

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Monetary economics

the claim that a discretionary central bank gains from ambiguity about its objectives, so inflation uncertainty causes higher average inflation.

In monetary economics, Cukierman-Meltzer hypothesis refers to the claim that a discretionary central bank gains from ambiguity about its objectives, so inflation uncertainty causes higher average inflation. This meaning comes from Cukierman (1986) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

ambiguity5 fields · 6 citationsjingle · one word, five constructs bank1 fields · 1 citationsanchor · a standalone construct hypothesis2 fields · 2 citationsjingle · one word, two constructs

References

Cukierman, A., & Meltzer, A. H. (1986). A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information. Econometrica, 54(5), 1099. https://doi.org/10.2307/1912324

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