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Imperfect Knowledge, Inflation Expectations, and Monetary Policy

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NBER2003-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9884
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This paper investigates the role that imperfect knowledge about the structure of the economy plays in the formation of expectations, macroeconomic dynamics, and the efficient formulation of monetary policy. Economic agents rely on an adaptive learning technology to form expectations and to update
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2003-08-01
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