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Differential Information and the Role for Active Stabilization Policy

A Comment

Datos Bibliográficos

ID9727242
AutoresDennis W Jansen, Jae-Woo Lee (0000-0002-3109-798X), Jae Wook Lee (0000-0002-8756-0195)
Año1991
Volumen58
Número232
Páginas531
Fecha de publicación1991-11-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaEconomica (JOURNAL)
Identificadores de la revistaISSN: 0013-0427 • E-ISSN: 1468-0335
EditorialJSTOR (PUBLISHER)
DOI10.2307/2554697
OpenAlexW1562693921
IdiomaEN
Referencias citadas2

In a recent paper, T. M. Anderson analyzes a New Classical model in which demanders and suppliers are differentially informed. He claims that a particular feedback monetary policy, but not a private indexation rule, is able to perfectly stablize the economy. The authors show that Anderson's private indexation rule is also able to perfectly stabilize the economy. Copyright 1991 by The London School of Economics and Political Science

Differential (mechanical device) · Economics · Indexation · Macroeconomics · Microeconomics · Monetary policy · Political science · Politics · Private information retrieval · Economic theories and models · Economic Theory and Policy · Law · Monetary Policy and Economic Impact

  • On Optimal Wage Indexation

    Edi Karni•Journal of Political Economy•1983

  • Intertemporal Substitution and the Role of Monetary Policy

    Giancarlo Marini•The Economic Journal•1985

Velocidad de citaciónhistorical
Altamente citadoNo

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