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Monetary Policy During a Transition to Rational Expectations
Monetary Policy Rational Expectations
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2015/8/5
In standard macroeconomic models incorporating the natural rate
hypothesis and rational expectations, monetary policy has no effect on
real variables. But the rational expectations assumption that e...
The Dual Nature of Forecast Targeting and Instrument Rules: A Comment on Michael Woodford’s ‘Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice
Policy Rules Practice
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2015/8/3
Michael Woodford’s chapter is fi lled with fascinating ideas and insights,
each carefully explained. Most importantly, he proposes an ambitious
future research program with the specifi c practical p...
Monetary Policy and Asset Prices with Imperfect Credit Markets
Modigliani-Miller theorem corporate finance capital market external financing
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2011/9/13
Provides information on the utilization of the Modigliani-Miller theorem in corporate finance and capital market. Effect of monetary authority regulation on asset prices; Relation of the volume of col...