uncertainty and learning.We find that the presence of a strategic interaction between the home and foreign central banks creates … an additional motivation for caution in monetary policy.An activist policy designed to help the learning of the home … central bank is suboptimal since it generates a strong reaction from the foreign central bank.As joint learning by the home …

from the existing literature, which typically focuses on the learning of private agents during a disinflation. We build a …

We examine optimal policy in an open-economy model with uncertainty and learning, where monetary policy actions affect …

from the existing literature, which typically focuses on the learning of private agents during a disinflation. We build a …

the existing literature, which typically focuses on the learning of private agents during a disinflation.  We build a …