News Shocks and Optimal Monetary Policy
收藏NBER2007-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12898
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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
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美国国家经济研究局创建时间：
2007-02-01
