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| Tekijä: | Sibert, A. |
| Otsikko: | Monetary policy with uncertain central bank preferences |
| Lehti: | European Economic Review
2002 : JUN, VOL. 46:6, p. 1093-1109 |
| Asiasana: | CENTRAL BANKS MONETARY POLICY SIGNALING |
| Kieli: | eng |
| Tiivistelmä: | This paper considers monetary policy when policy makers' preferences are private information. The author shows that in the first period of a two-period term, all policy makers but the least inflation averse inflate less - but respond more to shocks - than if there were no private information. Moderately inflation-averse policy makers may reduce their inflation most. |
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