NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Imperfect Knowledge, Inflation Expectations, and Monetary Policy

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Athanasios Orphanides, John Williams

Chapter in NBER book The Inflation-Targeting Debate (2005), Ben S. Bernanke and Michael Woodford, editors (p. 201 - 246)*
Published in December 2004

This chapter first appeared as NBER working paper w9884, Imperfect Knowledge, Inflation Expectations, and Monetary Policy, Athanasios Orphanides, John C. Williams
This chapter first appeared as NBER working paper w9984, Monetary Transmission in the Euro Area: Does the Interest Rate Channel Explain it All?, Ignazio Angeloni, Anil K. Kashyap, Benoit Mojon, Daniele Terlizzese

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