期刊名称:Discussion Papers in Economics / Department of Economics, Royal Holloway
出版年度:2004
卷号:2004
出版社:University of London
摘要:Honkapohja and Mitra (2003) have analyzed the desirability of
optimal and ad hoc interest rules in monetary policy when the forecasts
of the private sector and the central bank are heterogenous but
information is symmetric. Here we analyze the case of asymmetric
information in which one party does not observe all observable shocks
that the other party sees.