Search results for ‘Paul Levine (University of Leicester),Peter McAdam’

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      Cover image for Inflation-Forecast-Based Rules and Indeterminacy: A Puzzle and a Resolution
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      Inflation-Forecast-Based Rules and Indeterminacy: A Puzzle and a Resolution

      Paul Levine (University of Leicester),Peter McAdam

      We examine an interesting puzzle in monetary economics between what monetary authorities claim (namely, to be forward looking and preemptive) and the poor stabilization properties routinely reported for forecast-based rules…

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