Optimal Monetary Policy And Bounded Rationality
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Language: en
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Type: BOOK - Published: 2019-08-02 - Publisher: International Monetary Fund
The form of bounded rationality characterizing the representative agent is key in the choice of the optimal monetary policy regime. While inflation targeting pr
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It is widely recognised that the market and the monetary authorities face a high degree of uncertainty about the appropriate models to use for policy decisions
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Pages: 51
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The form of bounded rationality characterizing the representative agent is key in the choice of the optimal monetary policy regime. While inflation targeting pr
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Pages: 55
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This paper presents a framework for analyzing how bounded rationality affects monetary and fiscal policy. The model is a tractable and parsimonious enrichment o
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