Information Costs, Learning Process and the Effectiveness of Monetary Policy
修改了Lucas-Cukierman模型，假设经济主体对货币供应关键参数认知不完全，内生化信息获取程度，并用贝叶斯框架考察学习过程中货币政策的效果。
The Lucas-Cukierman model is modified to allow for agents' imperfect knowledge of the key money supply parameter and to make the extent of information acquisition by agents endogenous. A Bayesian framework is used and the effectiveness of monetary policy during the learning process is also examined. Copyright 1989 by The editors of the Scandinavian Journal of Economics.