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Central Bank Communication and Expectations Stabilization

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NBER2007-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13259
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This paper analyzes the value of communication in the implementation of monetary policy. The central bank is uncertain about the current state of the economy. Households and firms are uncertain about the statistical properties of aggregate variables, including nominal interest rates, and must learn
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2007-07-01
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