Why Money Talks and Wealth Whispers: Monetary Uncertainty and Mystique: A Reply
针对Beetsma和Jensen的评论，本文纠正了原论文中的计算错误，并重申中央银行偏好不确定性在特定条件下可能是有益的，即当其对产出波动的正面影响超过对通胀水平和波动的负面影响时。
In a comment on our recent paper in this journal, Beetsma and Jensen claim that Propositions 3 and 4 of our paper are incorrect due to minor computational mistakes. In this reply we give the correct propositions and show that our results still stand. Our conclusion is that central bank preference uncertainty may still be desirable if the beneficial effects on output variability dominate the detrimental effects on the level and variability of inflation.