Jansen, Dennis W; Lee, Jae-Woo - In: Economica 58 (1991) 232, pp. 531-33
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...