Optimal information acquisition and monetary policy

I study optimal monetary policy with an expectational AS curve and private agents who optimally choose their amount of information pertinent to predicting policy. Shocks with time-varying variance (ARCH) induce interesting information acquisition (IA) dynamics; optimal IA affects optimal policy and...

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Bibliographische Detailangaben

Veröffentlicht in:	Journal of macroeconomics 2008-12, Vol.30 (4), p.1370-1389
1. Verfasser:	Cone, Thomas E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Central banks Dynamics Expectation Expectations Forecasts Information Information acquisition Information Expectations Monetary policy Monetary policy Volatility
Online-Zugang:	Volltext
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