Working paper
Learning by disinflating
- Abstract:
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Disinflationary episodes are a valuable source of information for economic agents trying to learn about the economy. This paper is especially interested in how a policymaker can themselves learn by disinflating. The approach differs from the existing literature, which typically focuses on the learning of private agents during a disinflation. We build a model where both the policymaker and private agents learn, and ask what happens if the poicymaker has to disinflate to satisfy a new centra...
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- Publication status:
- Published
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Authors
Bibliographic Details
- Publisher:
- University of Oxford Publisher's website
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2011-11-01
- Paper number:
- 579
Item Description
- Keywords:
- Pubs id:
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1143858
- Local pid:
- pubs:1143858
- Deposit date:
- 2020-12-15
Terms of use
- Copyright date:
- 2011
- Rights statement:
- Copyright 2011 The Author(s)
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