Optimal monetary policy in a micro-founded model with parameter uncertainty

DOI10.1016/j.jedc.2005.10.003zbMath1162.91486OpenAlexW2127356166MaRDI QIDQ959738

Takushi Kurozumi, Takeshi Kimura

Publication date: 12 December 2008

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

Full work available at URL: http://www.federalreserve.gov/pubs/feds/2003/200367/200367pap.pdf

zbMATH Keywords

parameter uncertaintyoptimal monetary policyinertial interest rate policyloss-function uncertainty

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Related Items (3)

Robust monetary policy in a small open economy ⋮ Central bank reputation in a forward-looking model ⋮ OPTIMAL MONETARY POLICY UNDER PARAMETER UNCERTAINTY IN A SIMPLE MICROFOUNDED MODEL

Cites Work

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• Solutions to linear rational expectations models: a compact exposition
• Using the generalized Schur form to solve a multivariate linear rational expectations model
• Learning by doing and the value of optimal experimentation
• The Solution of Linear Difference Models under Rational Expectations
• Inflation Persistence

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