Indicator Variables for Optimal Policy under Asymmetric Information

The optimal weights on indicators in models with partial information about the state of the economy and forward-looking variables are derived and interpreted, both for equilibria under discretion and under commitment. The private sector is assumed to have information about the state of the economy

针对包含经济状态与前瞻性变量（forward-looking variables）部分信息的模型，本文推导并阐释了各指标的最优权重，研究涵盖相机抉择下的均衡与承诺下的均衡两种情形。本研究假定私人部门掌握关于经济状态的相关信息。