Productivity growth, transparency, and monetary policy

This study examines whether central bank transparency about views of future productivity growth contributes to stabilizing macroeconomic fluctuations. In a standard New Keynesian model, the central bank and private agents make their subjective estimates on the persistence of productivity growth. In...

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Veröffentlicht in:	Journal of economic dynamics & control 2013-01, Vol.37 (1), p.329-344
1. Verfasser:	Muto, Ichiro
Format:	Artikel
Sprache:	eng
Schlagworte:	Central banks Forecasts Inflation rate Keynesian theory Macroeconomics Monetary policy Productivity Productivity growth Studies Transparency
Online-Zugang:	Volltext
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