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Differential Information and the Role for Active Stabilization Policy: A Comment

Dennis W. Jansen and Jae-Woo Lee
Economica
New Series, Vol. 58, No. 232 (Nov., 1991), pp. 531-533
DOI: 10.2307/2554697
Stable URL: http://www.jstor.org/stable/2554697
Page Count: 3
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Differential Information and the Role for Active Stabilization Policy: A Comment
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Abstract

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.

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