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Essays on monetary policy and banking regulation

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Title: Essays on monetary policy and banking regulation
Author: Li, Jingyuan
Abstract: A central bank is usually assigned two functions: the control of inflation and the maintenance of a safetybanking sector. What are the precise conditions under which trigger strategies from the private sector can solve the time inconsistency problem and induce the central bank to choose zero inflation under a nonstationary natural rate? Can an optimal contract be used together with reputation forces to implement a desired socially optimal monetary policy rule? How to design a truthtelling contract to control the risk taking behaviors of the bank? My dissertation attempts to deal with these issues using three primary methodologies: monetary economics, game theory and optimal stochastic control theory.
Publisher: Texas A&M University
Subject: time consistency optimal contract
banking regulation
optimal stopping
risk-taking
monetary policy
URI: http://hdl.handle.net/1969.1/1041
Date: 2004-08

Citation

Li, Jingyuan (2004). Essays on monetary policy and banking regulation. Doctoral dissertation, Texas A&M University. Texas A&M University. Available electronically from http : / /hdl .handle .net /1969 .1 /1041.

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