A role for monetary policy when prices reveal information: An example
成果类型：
Article
署名作者：
Polemarchakis, HM; Seccia, G
署名单位：
Universite Catholique Louvain; Brunel University
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.2000.2686
发表日期：
2000
页码：
107-115
关键词：
摘要：
In an example, monetary policy can determine the information revealed by prices, and thus it can be: effective. Monetary policy that varies only with public information can guarantee the full revelation of information at equilibrium. which is optimal. Full indexation need not attain full revelation and, as a consequence. need not implement an optimal allocation. Journal of Economic Literature Classification Numbers: D52, D82. E52. (C) 2000 Academic Press.