Managing Expectations: Instruments vs. Targets
收藏NBER2018-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25404
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资源简介：
Should policymakers offer forward guidance in terms of a path for an instrument such as interest rates or a target for an outcome such as unemployment? We study how the optimal approach depends on a departure from rational expectations. People have a limited understanding of the behavior of others
提供机构：
美国国家经济研究局
创建时间：
2018-12-01
