Essays on Monetary Policy with Informational Frictions
| Author | : Chengcheng Jia |
| Publisher | : |
| Total Pages | : |
| Release | : 2008 |
| ISBN-10 | : OCLC:1038128523 |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis Essays on Monetary Policy with Informational Frictions by : Chengcheng Jia
Download or read book Essays on Monetary Policy with Informational Frictions written by Chengcheng Jia and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Lastly, I show the optimal monetary policy is rule-based Odyssean forward guidance, which is a state-contingent commitment that specifies how the central bank reacts to both the actual shock and the noise in its own information.
