Publikationsserver
Optimal Monetary Policy Under Heterogeneous Beliefs
We use a New Keynesian model that features rational and non-rational households. Assuming that both the fraction of rational households and the expectations formation process are uncertain from the perspective of the central bank, we derive robust optimal discretionary monetary policy in a simple mi...
Gorde:
| Argitaratua izan da: | MAGKS - Joint Discussion Paper Series in Economics (Band 43-2022) |
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| Egile nagusia: | |
| Formatua: | Artikulua |
| Hizkuntza: | ingelesa |
| Argitaratua: |
Philipps-Universität Marburg
2022
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| Gaiak: | |
| Sarrera elektronikoa: | PDF testu osoa |
| Etiketak: |
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MAGKS - Joint Discussion Paper Series in Economics