Learning, uncertainty and central bank activism in an economy with strategic interactions.

Learning, uncertainty and central bank activism in an economy with strategic interactions.

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In this paper we examine the optimal level of central bank activism in a standard model of monetary policy with uncertainty, learning and strategic interactions. We calibrate the model using G7 data and find that the presence of strategic interactions between the central bank and private agents crea...

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Bibliografiske detaljer
Main Authors:	Ellison, M, Valla, N
Format:	Working paper
Sprog:	English
Udgivet:	European Central Bank 2000

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