Finance and Economics Discussion Series: Data for paper 000959
♣
Managing Beliefs about Monetary Policy under Discretion
Figure 2: Optimal Policy in the Simple Model
| X data | Box 1, Full Information | Box 1, Hidden Information | Box 2, Full Information | Box 2, Hidden Information | Box 3, Full Information | Box 4, Hidden Information | Box 4, Full Information | Box 5, Hidden Information | Box 5, Full Information | Box 6, Hidden Information |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.7872 | 0.5239 | 0.9714 | 0.6741 | -0.0779 | 1.2397 | 0.3368 | 0.1668 | 0.4334 | 0.0959 | |
| 1 | 0.7085 | 0.3928 | -0.1013 | -0.0349 | 1.1158 | 0.4001 | 0.1247 | 0.0429 | ||
| 2 | 0.6376 | 0.3182 | -0.0453 | -0.0156 | 1.0042 | 0.4034 | 0.0558 | 0.0192 | ||
| 3 | 0.5739 | 0.2707 | -0.0203 | -0.007 | 0.9038 | 0.3825 | 0.025 | 0.0086 | ||
| 4 | 0.5165 | 0.2365 | -0.0091 | -0.0031 | 0.8134 | 0.3529 | 0.0112 | 0.0038 | ||
| 5 | 0.4648 | 0.2097 | -0.0041 | -0.0014 | 0.7321 | 0.3215 | 0.005 | 0.0017 | ||
| 6 | 0.4183 | 0.1873 | -0.0018 | -0.0006 | 0.6589 | 0.2911 | 0.0022 | 0.0008 | ||
| 7 | 0.3765 | 0.168 | -0.0008 | -0.0003 | 0.593 | 0.2628 | 0.001 | 0.0003 | ||
| 8 | 0.3389 | 0.1509 | -0.0004 | -0.0001 | 0.5337 | 0.2369 | 0.0004 | 0.0002 |