Ambiguous Policy Announcements
We study the effects of monetary announcements when agents face Knightian uncertainty about the commitment capacity of the monetary authority. Households are ambiguity averse and differentially exposed to inflation due to differences in wealth. In response to the announcement of a future monetary lo...
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| Veröffentlicht in: | The Review of economic studies 2020-10, Vol.87 (5 (316)), p.2356-2398 |
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| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Online-Zugang: | Volltext |
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