Optimal Stabilization Policy When the Private Sector Has Information Processing Constraints
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Keywordsoptimal policy; Shannon capacity; communication theory; sluggish and overshooting policy; measurement errors;
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2002-12-02 (All new papers)
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