Imperfect Common Knowledge and the Effects of Monetary Policy
收藏NBER2001-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8673
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资源简介：
This paper reconsiders the Phelps-Lucas hypothesis, according to which temporary real effects of purely nominal disturbances result from imperfect information, but departs from the assumptions of Lucas (1973) in two crucial respects. Due to monopolistically competitive pricing, higher-order
提供机构：
美国国家经济研究局
创建时间：
2001-12-01
