Article ID Journal Published Year Pages File Type
5059739 Economics Letters 2012 4 Pages PDF
Abstract
► News shocks can have an enormous impact on output and inflation. ► Monetary policy can be designed to mitigate these effects. ► The effects can be made the same however far ahead the news is expected. ► If the shock doesn't happen, then nothing happens to output and inflation.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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