Kaushik Mitra and Seppo Honkapohja (2004) Monetary Policy with Internal Central Bank Forecasting: A Case of Heterogenous Information.
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Honkapohja and Mitra (2003) have analyzed the desirability of optimal and ad hoc interest rules in monetary policy when the forecasts of the private sector and the central bank are heterogenous but information is symmetric. Here we analyze the case of asymmetric information in which one party does not observe all observable shocks that the other party sees.
This is a Accepted version This version's date is: 2004 This item is not peer reviewed
https://repository.royalholloway.ac.uk/items/45554224-4d61-ecdd-7076-42ea55c3fc94/1/
Deposited by Leanne Workman (UXYL007) on 15-Oct-2012 in Royal Holloway Research Online.Last modified on 15-Oct-2012
©2004 Seppo Honkapohja and Kaushik Mitra. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit including © notice, is given to the source.