Эксоцман
на главную поиск contacts

Supply Shocks, Private Sector Information and Monetary Policy: Is There Inevitably a Stabilization Trade-Off?

Опубликовано на портале: 03-12-2007
Economics Letters. 2007.  Vol. 96. No. 1. P. 77-83. 
We assume that, while the central bank has an information advantage in respect of aggregate productivity shocks, the private sector has superior knowledge of local disturbances. It is shown that there is no policy trade-off between inflation and employment stability: moreover macroeconomic outcomes are independent of the weight assigned to inflation by the central bank.

Аннотация статьи представлена на сайте ScienceDirect. Полный текст статьи находится в закрытом доступе

BiBTeX
RIS
Ключевые слова

См. также:
Bruce Preston
Journal of Monetary Economics. 2006.  Vol. 53. No. 3. P. 507-535. 
[Статья]
Giuseppe Ferrero
Journal of Economic Dynamics and Control. 2007.  Vol. 31. No. 9. P. 3006-3041. 
[Статья]
Pierre-Richard Agenor, Peter J. Montiel
[Книга]
Terry J. Fitzgerald
Federal Reserve Bank of Cleveland. 1999. 
[Статья]
Tommy Sveen, Lutz Weinke
Journal of Economic Theory. 2007.  Vol. 136. No. 1. P. 729-737. 
[Статья]