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Optimal Advice for Monetary Policy

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NBER1989-08-01 更新2025-01-04 收录
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This paper addresses the issue of how to give optimal advice about monetary policy when it is known that the advice may not be heeded. We examine a simple macroeconomic model in which monetary policy has the ability to stabilize output by offsetting exogenous shocks to aggregate demand. The optimal

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1989-08-01
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