Bullard, James B.; Evans, George W.; Honkapohja, Seppo - Federal Reserve Bank of St. Louis - 2007
when in fact the event in question will have negligible fundamental impact on
theeconomy.Whatistheeffect of the judgement in … discover the value of downweighting in an actual economy.
The contemplated concept is that when an event such as 9/11 occurs … Monetary Policies.” Review of Economic Studies 70:
807-824.
Evans, G., and S. Honkapohja. 2003b. “Adaptive Learning and Mone …