Policy Futures Markets with Multiple Goals
نویسنده
چکیده
Previous work in monetary policy futures markets under a single policy goal have shown this approach to be effective at eliminating the circularity problem inherent with private-sector targeting strategies. We extend this monetary policy setting framework to a typical multiple goal policy objective: inflation and output stabilization. We also demonstrate how the prices in policy futures markets can help resolve debates over important policy questions. JEL Classification: E42, E44, E52, G13
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تاریخ انتشار 2009