Equally shocking news

Andrew Blake

Economics Letters, 2012, vol. 117, issue 3, 866-869

Abstract: Recently the idea that business cycles can be driven purely by anticipated developments in the economy—so-called news shocks—has been usefully revived. In this note news shocks are investigated in the context of monetary policy rules designed to mitigate their effects.

Keywords: News shocks; Uniqueness; Feedback rules (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:3:p:866-869

DOI: 10.1016/j.econlet.2012.09.009

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