governing is in need of various regulations which can be of different property from the primary decree due to the necessities, expediencies and interventional conditions.  considering the factor of “the entity of rule”, “the function of rule” and “the process of changing legal decree to the rule”, it can be understood that the entity of rule and legal decision particularly in view of criterion ...

â  monetary policy rule is an approach to avoid time inconsistency problem as regarded by new classical economist to choose a time plan for policy making in order to maximize households’ well-being. the foundation of time inconsistency problem is not coincidence of expectations as an ex-ante variable, which is expected variable, with actual variable as an ex-post variable. expectations in fin...