Article

Title:
Heterogeneous Expectations, Optimal Monetary Policy, and the Merit of Policy Inertia
Journal:
Journal Of Money, Credit And Banking
Year:
2014
Volume:
46
Pages:
1535-1554
JEL codes:
D84 - Expectations; Speculations
D78 - Positive Analysis of Policy-Making and Implementation
E32 - Business Fluctuations; Cycles
E52 - Monetary Policy (Targets, Instruments, and Effects)
E43 - Determination of Interest Rates; Term Structure of Interest Rates
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