Policy Design and Operation in a Macroeconomic Model with a Managed Exchange Rate under Different Expectational Regimes.
An investigation of the problems of policy formation has to take account of the way in which expectations may be formed. The assumption of rationality is often made on the grounds that there is no reason to assume that views of the future display any particular bias. Some authors take this further,...
| Main Authors: | , , |
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| Format: | Working paper |
| Language: | English |
| Published: |
CEPR
1986
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