|
|
|
|
Title: |
The Application of Monetary Policy Rules under
Uncertainty about Expectations Formation |
| Author: |
Stemp, Peter J. |
| Author
Affiliation: |
U Melbourne |
| Source: |
International Economic Journal, Winter 1994, v. 8, no. 4, pp. 57-74 |
|
Publication Date: |
Winter 1994 |
|
Abstract: |
This paper examines the application of
monetary policy in a world of uncertainty where, in particular, the
monetary authority is unaware of how private agents form expectations.
The results derived in this paper provide an indication that, for simple
policy objectives, ignorance about how expectations are formed need not
be a hindrance in pursuing those objectives. |
|
