Determinacy without the Taylor Principle
收藏NBER2021-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w28881
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Our understanding of monetary policy is complicated by an equilibrium-selection conundrum: because the same path for the nominal interest rate can be associated with multiple equilibrium paths for inflation and output, there is a long-standing debate about what the right equilibrium selection is. We
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美国国家经济研究局创建时间：
2021-06-01
