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Production and financial policies under asymmetric information

✍ Scribed by Jacques H. Drèze; Enrico Minelli; Mario Tirelli


Publisher
Springer
Year
2007
Tongue
English
Weight
166 KB
Volume
35
Category
Article
ISSN
0938-2259

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✍ Lars E.O. Svensson; Michael Woodford 📂 Article 📅 2004 🏛 Elsevier Science 🌐 English ⚖ 402 KB

The optimal weights on indicators in models with partial information about the state of the economy and forward-looking variables are derived and interpreted, both for equilibria under discretion and under commitment. The private sector is assumed to have more information than the policymaker. Certa