haku: @freeterm optimal response / yhteensä: 1
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| Tekijä: | Gaspar, V. Smets, F. Vestin, D. |
| Otsikko: | Adaptive learning, persistence, and optimal monetary policy |
| Lehti: | Journal of the European Economic Association
2006 : MAY, VOL. 4:2-3, p. 376-385 |
| Asiasana: | inflation private sector |
| Vapaa asiasana: | adaptive learning cost-push shocks optimal response |
| Kieli: | eng |
| Tiivistelmä: | 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. |
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