Published Classic Journal of Monetary Economics Published Jan 1983Rules, discretion and reputation in a model of monetary policyRobert J. Barro · David B. GordonThis 1983 Journal of Monetary Economics paper by Robert Barro and David Gordon shows that a monetary authority acting with full discretion each period will generate more inflation on average than one …
Published Classic Journal of Political Economy Published Dec 1994The Dynamic Impacts of Monetary Policy: An Exercise in Tentative IdentificationDavid B. Gordon · Eric M. LeeperThis 1994 Journal of Political Economy paper by David B. Gordon and Eric M.