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Comment on: Robust monetary policy with competing reference models

✍ Scribed by Peter N Ireland

Book ID
114220729
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
94 KB
Volume
50
Category
Article
ISSN
0304-3932

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πŸ“œ SIMILAR VOLUMES

Robust optimal monetary policy in a forw
Robust optimal monetary policy in a forward-looking model with parameter and shock uncertainty
✍ Marc P. Giannoni πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 315 KB

## Abstract This paper characterizes a robust optimal policy rule in a simple forward‐looking model, when the policymaker faces uncertainty about model parameters and shock processes. We show that the robust optimal policy rule is likely to involve a stronger response of the interest rate to fluctu