Ball, Laurence M. (contributor); … - 2003 - [Elektronische Ressource]
Monetary Policy for Inattentive Economies
Laurence Ball
Johns Hopkins University
N. Gregory Mankiw
Harvard University … paper is a contribution to the analysis of optimal monetary policy. It begins with a
critical assessment of the existing … fits the facts about monetary policy.
In particular, we draw on recent behavioral models of the output-inflation trade …