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Monetary policy under financial uncertainty

✍ Scribed by Williams, Noah


Book ID
119300165
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
636 KB
Volume
59
Category
Article
ISSN
0304-3932

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## Abstract This paper examines welfare‐maximizing monetary policy in an estimated micro‐founded general equilibrium model of the US economy where the policymaker faces uncertainty about model parameters. Uncertainty about parameters describing preferences and technology implies uncertainty about t