search query: @freeterm optimal response / total: 1
reference: 1 / 1
« previous | next »
Author: | Gaspar, V. Smets, F. Vestin, D. |
Title: | Adaptive learning, persistence, and optimal monetary policy |
Journal: | Journal of the European Economic Association
2006 : MAY, VOL. 4:2-3, p. 376-385 |
Index terms: | inflation private sector |
Freeterms: | adaptive learning cost-push shocks optimal response |
Language: | eng |
Abstract: | This article discusses private sector expectations when in line with adaptive learning, optimal policy responds persistently to soct-push shocks. The optimal response is stronger, the higher the initial level of perceived inflation persistence by the private sector. |
« previous | next »
SCIMA