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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.
12.01.1986ISSN 2573-7953 WP 86-12

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

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.