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Optimal monetary policy when agents are learning
Műhelytanulmányok = Discussion papers
2006/1.
Abstract Most studies of optimal monetary policy under learning rely on optimality conditions derived for the case when agents have rational expectations. In this paper, we derive optimal monetary policy in an economy where the Central Bank knows, and makes active use of, the learning algorithm agents follow in forming their expectations. In this setup, monetary policy can in uence future expectat…
Contributors
- Drótos László
- Góczán Andrea
Creator
- Molnár Krisztina
- Sergio Santoro
Publisher
- Magyar Tudományos Akadémia Közgazdaságtudományi Intézet
- Budapest
Subject
- nemzeti bank
- pénzrendszer
- infláció
- Inflation
Type of item
- tanulmány(ok)
Contributors
- Drótos László
- Góczán Andrea
Creator
- Molnár Krisztina
- Sergio Santoro
Publisher
- Magyar Tudományos Akadémia Közgazdaságtudományi Intézet
- Budapest
Subject
- nemzeti bank
- pénzrendszer
- infláció
- Inflation
Type of item
- tanulmány(ok)
Providing institution
Aggregator
Rights statement for the media in this item (unless otherwise specified)
- http://rightsstatements.org/vocab/InC/1.0/
- http://rightsstatements.org/vocab/InC/1.0/
Source
- http://econ.core.hu/kiadvany/mtdp.html
- MTA Közgazdaságtudományi Intézet (PARTNER0004)
Identifier
- http://mek.oszk.hu/04400/04465
Format
Language
- en
Is part of
- http://data.theeuropeanlibrary.org/Collection/a0107
Relations
- Lendvai Júlia: Inflation inertia and monetary policy shocks (http://mek.oszk.hu/02100/02190/)
- Vonnák Balázs: Estimating the effect of Hungarian monetary policy within a structural VAR framework (http://mek.oszk.hu/03500/03510/)
Providing country
- Hungary
Collection name
First time published on Europeana
- 2014-06-30T09:37:01.806Z
Last time updated from providing institution
- 2017-07-31T07:23:19.118Z