Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10005401954
Central banks pay close attention to inflation expectations. In standard models, however, inflation expectations are tied down by the assumption of rational expectations and should be of little independent interest to policy makers. In this paper, the authors relax the assumption of rational...
Persistent link: https://www.econbiz.de/10005721745