rational exprectations, the optimal monetary instrument, and the optimal money supply rule - thomas...

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Rational exprectations, the optimal monetary instrument, and the optimal money supply rule - Thomas John Sargent y Neil Wallace

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Page 1: Rational exprectations, the optimal monetary instrument, and the optimal money supply rule - Thomas John Sargent y Neil Wallace

!"#$%&'#(!)*+,-.$#$%&'/0)$1-)2,$%3#()4&'-$#56)7'/$583-'$0)#'9)$1-)2,$%3#()4&'-6):8,,(6"8(-;8$1&5</=>)?1&3#/)@A):#5B-'$)#'9)C-%()D#((#.-:&85.->)?1-)@&85'#()&E)F&(%$%.#()*.&'&360)G&(A)HI0)C&A)J)<;,5A0)KLMN=0),,A)JOKPJNOF8Q(%/1-9)Q6>)?1-)R'%S-5/%$6)&E)T1%.#B&)F5-//:$#Q(-)R"U>)http://www.jstor.org/stable/1830921;..-//-9>)VHWKKWJVVH)KI>II

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unlessyou have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and youmay use content in the JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/action/showPublisher?publisherCode=ucpress.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with thescholarly community to preserve their work and the materials they rely upon, and to build a common research platform thatpromotes the discovery and use of these resources. For more information about JSTOR, please contact [email protected].

The University of Chicago Press is collaborating with JSTOR to digitize, preserve and extend access to TheJournal of Political Economy.

http://www.jstor.org

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