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Tekijä: | Eijffinger, S.C.W. Hoeberichts, M. Schaling, E. |
Otsikko: | Why money talks and wealth whispers: Monetary uncertainty and mystique |
Lehti: | Journal of Money, Credit and Banking
2000 : MAY, VOL. 32:2, p. 218-235 |
Asiasana: | Monetary policy Inflation Central banks |
Kieli: | eng |
Tiivistelmä: | The paper analyzes the effect of monetary uncertainty on the inflationary bias and the variance of inflation and output. It is found among others that the mean and variance of inflation increase with the variance of preference shock. |
SCIMA