OPTIMAL MONETARY POLICY UNDER PARAMETER UNCERTAINTY IN A SIMPLE MICROFOUNDED MODEL

DOI10.1017/S1365100509090154zbMath1229.91241MaRDI QIDQ3564819

Takushi Kurozumi

Publication date: 26 May 2010

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

zbMATH Keywords

parameter uncertaintymicrofoundationoptimal monetary policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (1)

Stabilizing inflation in a simple monetary policy model with heterogeneous agents

Cites Work

• Optimal monetary policy in a micro-founded model with parameter uncertainty
• Maxmin expected utility with non-unique prior
• Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?

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