Differential Information and the Role for Active Stabilization Policy
A Comment
Bibliographic Data
| ID | 9727242 |
|---|---|
| Authors | Dennis W Jansen, Jae-Woo Lee (0000-0002-3109-798X), Jae Wook Lee (0000-0002-8756-0195) |
| Year | 1991 |
| Volume | 58 |
| Issue | 232 |
| Pages | 531 |
| Publication date | 1991-11-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2554697 |
| OpenAlex | W1562693921 |
| Language | EN |
| References cited | 2 |
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
| Citation velocity | historical |
|---|---|
| Highly cited | No |