Hausner, Jerzy and Sławiński, Andrzej (2018) Central banks: Hesitant guardians of equilibrium. Acta Oeconomica, 68 (s1). pp. 125-139. ISSN 0001-6373
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Official URL: https://doi.org/10.1556/032.2018.68.S.10
Abstract
In our paper we focus on situations when central banks have to conduct monetary policy in a world in which they cannot rely fully on what is regarded the best practice and they have to cope with financial system inherent tendency to be unstable. Both phenomena are rooted in János Kornai’s intellectual heritage highlighting that economy tends to divert from equilibrium and that soft budget constraint erodes economic actors’ behavior.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában |
| Depositing User: | Ágnes Sallai |
| Date Deposited: | 05 Jan 2018 07:12 |
| Last Modified: | 31 Jan 2020 00:16 |
| URI: | http://real.mtak.hu/id/eprint/71909 |
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