In this paper we have presented a model in which perfectly enticipated inflation is superneutral: if the variance of the money (or the growth rate of the money supply in the dynamic interpretation) supply is zero, the real equilibrium is independent of the mean of the money supply.ECONOMIC MODELS ; INFLATION ; MONETARY POLICY

Jones, L.E.

Manuelli, R.E

English

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http://www.ssc.wisc.edu/econ/archive/wp9715.pdf

Policy Uncertainty and Informational Monopolies: The Case of Monetary Policy.

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