Orphanides, Athanasios; Williams, John C. - Center for Financial Studies - 2003
This paper investigates the role that imperfect knowledge about the structure of the economy plays in the formation of … perform poorly when knowledge is imperfect. In particular, policies that fail to maintain tight control over inflation are …://www.ifk-cfs.de
No. 2003/40
Imperfect Knowledge, Inflation Expecta-
tions, and Monetary Policy
Athanasios Orphanides, John C …