Determinacy, Learnability, and Monetary Policy Inertia
نویسندگان
چکیده
منابع مشابه
The Learnability Criterion and Monetary Policy
only if expectations are consistent with actual outcomes. But, how is it that economic actors could come to possess rational expectations if they do not initially possess detailed knowledge concerning the nature of equilibrium in the economy or economic situation in which they find themselves?1 Several key papers in the 1980s, including Bray (1982), Evans (1985), Lucas (1987), and Marcet and Sa...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2007
ISSN: 0022-2879,1538-4616
DOI: 10.1111/j.1538-4616.2007.00062.x