about the state of the economy in a model with forward-looking variables. This result is used in our previous paper … state of the economy in the context of a fairly general forward-looking rational-expectations model. In particular, our …

The optimal weights on indicators in models with partial information about the state of the economy and forward …

The optimal weights on indicators in models with partial information about the state of the economy and forward … to have information about the state of the economy that the policymaker does not possess. Certainty-equivalence is shown … to apply, in the sense that optimal policy reactions to optimally estimated states of the economy are independent of the …