Rational Expectations and Monetary Policy in a Simple Macroeconomic Model

Geoffrey Woglom

The Quarterly Journal of Economics, 1979, vol. 93, issue 1, 91-105

Abstract: I. Rational expectations and the optimal monetary instrument, 92.—II. The Fed's advantage in stabilizing the economy when the private sector has the same information, 96.—III. Information differences between the Fed and the private sector, 98.—IV. Conclusions, 101.

Date: 1979
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