News Shocks and Optimal Monetary Policy
收藏NBER2007-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12898
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资源简介：
This paper studies monetary policy in a model where output fluctuations are caused by shocks to public beliefs on the economy's fundamentals. I ask whether monetary policy can offset the effect of these shocks and whether this offsetting is socially desirable. I consider an environment with
提供机构：
美国国家经济研究局
创建时间：
2007-02-01
