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Differential Information and the Role for Active Stabilization Policy: A Comment
Dennis W. Jansen and Jae-Woo Lee
New Series, Vol. 58, No. 232 (Nov., 1991), pp. 531-533
Published by: Wiley on behalf of The London School of Economics and Political Science and The Suntory and Toyota International Centres for Economics and Related Disciplines
Stable URL: http://www.jstor.org/stable/2554697
Page Count: 3
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In a recent paper Anderson analyses a New Classical model in which demanders and suppliers are differentially informed. He claims that a particular feedback monetary policy, but not a private indexation rule, is able to perfectly stabilize the economy. We show that Anderson's private indexation rule is also able to perfectly stabilize the economy.
Economica © 1991 London School of Economics