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Forward Guidance without Common Knowledge

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NBER2016-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22785
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资源简介:
How does the economy respond to news about future policies or future fundamentals? Standard practice assumes that agents have common knowledge of such news and face no uncertainty about how others will respond. Relaxing this assumption attenuates the general-equilibrium effects of news and
创建时间:
2016-10-01
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