Learning about the term structure and optimal rules for inflation targeting
Material type:
Computer fileOriginal language: English Series: Discussion paper; 5896Publisher: Londres ; Centre for Economic Policy Research ; 2006Description: 37 pSubject(s): Inflación | Modelos econométricos | Política gubernamental | Tipos de interésLOC classification: S/HC/10/T47/2010
Contents:
Contiene: 1. Introduction.- 2. The Environment.- 3. Strict In°ation Targeting under Perfect Knowl-edge.- 4. Imperfect Knowledge, Beliefs and Learning.- 5. Passive Learning: Certainty Equivalence vs. Myopic.- 6. Optimal Monetary Policy under Active Learn-ing.- 7. Numerical Results.- 8. Concluding Remarks.
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Contiene: 1. Introduction.- 2. The Environment.- 3. Strict In°ation Targeting under Perfect Knowl-edge.- 4. Imperfect Knowledge, Beliefs and Learning.- 5. Passive Learning: Certainty Equivalence vs. Myopic.- 6. Optimal Monetary Policy under Active Learn-ing.- 7. Numerical Results.- 8. Concluding Remarks.
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