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| Author: | Roetheli, T. |
| Title: | Producers' expectations: their role in the monetary transmission mechanism |
| Journal: | Kyklos
2000 : VOL. 53:1, p. 39-50 |
| Index terms: | EXPECTATIONS MONETARY POLICY ECONOMETRIC MODELS |
| Language: | eng |
| Abstract: | This article relates to the view expressed by Pigou and Keynes that whatever factors affect the demand for goods, it is ultimately producers' expectations and plans that determine the level of output. The author builds on this notion in order to address the question how changes in monetary policy affect output in Switzerland. For this purpose the author studies survey data on expected and actual output collected by the business cycle research center at the Federal Institute of Technology in Zuerich. |
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