Is the challenge of making time consistent policy unique to fiat-based paper money?

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Is the challenge of making “time consistent” policy unique to fiat-based paper money?

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Money Banking and Financial Markets

ISBN: 978-1259746741

5th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Jun 09, 2018 12:27 AM

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Is the challenge of making time consistent policy unique to fiat-based paper money?

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Time consistent policy is a policy that will be su...View the full answer

Money Banking and Financial Markets

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