Transparency and Monetary Policy Effectiveness
This article analyses the effects of economic transparency on the optimal monetary policy in an economy affected by demand shocks. In an environment of imperfect common knowledge, demand shocks create a trade-off between stabilizing the price level and stabilizing the output gap. The monetary policy...
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| Main Author: |
CORNAND, Camille
BAERISWYL, Romain |
|---|---|
| Format: | Journal Article |
| Language: | English |
| Place of publication: |
ENSAE 2011 |
| published in: | Annales d'Economie et de Statistique no. 103; pp. 175 - 222 |
| Data of publication: | 2011 |
| Series: |
Annales d'Economie et de Statistique |
| Online Access: | available in Bonn? |
| Database: | RePEc RePEc IDEAS Database information Databases - DBIS |