Differential Information and the Role for Active Stabilization Policy: Comment.

In a recent paper, T. M. Anderson analyzes a New Classical model in which demanders and suppliers are differentially informed. He claims that a particular feedback monetary policy, but not a private indexation rule, is able to perfectly stablize the economy. The authors show that Anderson's private indexation rule is also able to perfectly stabilize the economy. Copyright 1991 by The London School of Economics and Political Science.

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Year of publication:	1991
Authors:	Jansen, Dennis W ; Lee, Jae-Woo
Published in:	Economica. - London School of Economics (LSE). - Vol. 58.1991, 232, p. 531-33
Publisher:	London School of Economics (LSE)

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005195359