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Working Paper

Designing Monetary Policy under Rational Expectations: Analysis and Practical Implications

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An investigation of the ways in which rational expectations theory fundamentally changes monetary policy analysis and an attempt to generalize the implications of such analysis.
12.01.1986WP 86-12
Suggested Citation

Hoehn, James. 1986. “Designing Monetary Policy under Rational Expectations: Analysis and Practical Implications.” Federal Reserve Bank of Cleveland, Working Paper No. 86-12.