Showing 1 - 10 of 10
In this paper we analyze disinflation policy when a central bank has imperfect information about private sector inflation expectations but learns about them from economic outcomes, which are in part the result of the disinflation policy. The form of uncertainty is manifested as uncertainty about...
Persistent link: https://www.econbiz.de/10010265530
In this paper we analyze disinflation policy when a central bank has imperfect information about private sector inflation expectations but learns about them from economic outcomes, which are in part the result of the disinflation policy. The form of uncertainty is manifested as uncertainty about...
Persistent link: https://www.econbiz.de/10003723620
Persistent link: https://www.econbiz.de/10001784601
Persistent link: https://www.econbiz.de/10000926502
Persistent link: https://www.econbiz.de/10000979893
Persistent link: https://www.econbiz.de/10001254224
Persistent link: https://www.econbiz.de/10009299711
Persistent link: https://www.econbiz.de/10009127976
In this paper, we analyze disinflation in two environments. One in which the central bank has perfect knowledge, in the sense that it understands and observes the process by which private sector inflation expectations are generated, and one in which the central bank has to learn the private...
Persistent link: https://www.econbiz.de/10014071240
Persistent link: https://www.econbiz.de/10013418173