Article
- Title:
- Heterogeneous Expectations, Optimal Monetary Policy, and the Merit of Policy Inertia
- Author:
-
Emanuel Gasteiger
(ISCTE - Instituto Universitário de Lisboa)
- 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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