Robustly optimal monetary policy in a New Keynesian model with housing

DOI10.1016/j.jet.2021.105352zbMath1481.91114OpenAlexW3008046725MaRDI QIDQ2067356

Michael Woodford, Klaus Adam

Publication date: 18 January 2022

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w26833.pdf

zbMATH Keywords

housing pricesNew Keynesian modelbelief distortionsrobustly optimal policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items (1)

Doubts about the model and optimal policy

Cites Work

• Optimal target criteria for stabilization policy
• Three types of robust Ramsey problems in a linear-quadratic framework
• Ambiguity aversion and model misspecification: an economic perspective
• Robust estimation and control under commitment
• Doubts or variability?
• Managing pessimistic expectations and fiscal policy
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences
• Robustness

This page was built for publication: Robustly optimal monetary policy in a New Keynesian model with housing