Imperfect transparency and shifts in the central bank's output gap target

DOI10.1016/J.JEDC.2008.11.002zbMath1170.91478OpenAlexW2008952728MaRDI QIDQ2271685

Niklas J. Westelius

Publication date: 7 August 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2008.11.002

zbMATH Keywords

learningKalman filterNew Keynesian Phillips curvetransparencydiscretionary monetary policy

Mathematics Subject Classification ID

Filtering in stochastic control theory (93E11) Learning and adaptive systems in artificial intelligence (68T05) Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (3)

STATIC AND DYNAMIC EFFECTS OF CENTRAL BANK TRANSPARENCY ⋮ Optimal conservatism and collective monetary policymaking under uncertainty ⋮ Is central bank news good news for loan interest rates volatility?

Cites Work

• Uncertain potential output: Implications for monetary policy
• Indicator variables for optimal policy under asymmetric information
• Optimal commitment policy under noisy information

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