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Policy futures markets with multiple goals

Aaron Jackson ()

Journal of Macroeconomics, 2010, vol. 32, issue 1, 45-54

Abstract: Previous work in monetary policy futures markets under a single policy goal have shown this approach to be effective at eliminating the circularity problem inherent with private-sector targeting strategies. We extend this monetary policy setting framework to a typical multiple goal policy objective: inflation and output stabilization. We also demonstrate how the prices in policy futures markets can help resolve debates over important policy questions.

Keywords: Policy; futures; market; Forecast; targeting; Monetary; targets; Prediction; markets; Information; markets (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:32:y:2010:i:1:p:45-54

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