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Avoiding Nash Inflation

Autor Federal Reserve Board
en Limba Engleză Paperback
This paper considers the design of monetary policy under uncertainty. Specifically, we use a simple model to jointly consider three things: learning by the monetary authority; model misspecification; and robust policies to counter the misspecification problems. To the best of our knowledge, this is the first paper to simultaneously consider these crucial elements of real-world policy design.
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Livrare economică 26 februarie-12 martie


Specificații

ISBN-13: 9781505421989
ISBN-10: 1505421985
Pagini: 44
Dimensiuni: 216 x 279 x 2 mm
Greutate: 0.13 kg
Editura: CREATESPACE