Finance and Economics Discussion Series: Imperfect Knowledge, Inflation Expectations, and Monetary Policy by John C. Williams, Athanasios Orphanides

Finance and Economics Discussion Series: Imperfect Knowledge, Inflation Expectations, and Monetary Policy

John C. Williams, Athanasios Orphanides

38 pages • missing pub info (editions)

nonfiction politics
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This paper investigates the role of imperfect knowledge regarding the structure of the economy on the formation of expectations, macroeconomic dynamics, and the efficient formulation of monetary policy. Economic agents rely on an adaptive learning...

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