G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14577
DP14577 Learning over the Business Cycle: Policy Implications
George-Marios Angeletos; Luigi Iovino; Jennifer La'O
发表日期2020-04-07
出版年2020
语种英语
摘要This paper studies the policy implications of the endogeneity of information about the state of the economy. The business cycle can be made less noisy, and more efficient, by incentivizing firms to vary their pricing and production decisions more with their beliefs about the state of the economy. This calls for countercyclical taxes complemented by a monetary policy that “leans against the wind.” The optimal policies trade-off allocative efficiency for informational efficiency.
主题Monetary Economics and Fluctuations ; Public Economics
URLhttps://cepr.org/publications/dp14577
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/543484
推荐引用方式
GB/T 7714
George-Marios Angeletos,Luigi Iovino,Jennifer La'O. DP14577 Learning over the Business Cycle: Policy Implications. 2020.
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