Economics, Econometrics and Finance
8 years ago

New study reveals key insights for optimal monetary policy decisions

The Review of Economic Studies
Exogenous Information, Endogenous Information, and Optimal Monetary Policy
Luigi Paciello, Mirko Wiederholt

Paper Summary

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The article discusses how different types of information, exogenous and endogenous, affect optimal monetary policy. The researchers analyze how these types of information impact decision-making by policymakers. They find that incorporating both exogenous and endogenous information leads to more effective monetary policy.