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Monetary policy under model and data-parameter uncertainty

✍ Scribed by Gino Cateau


Book ID
113725798
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
627 KB
Volume
54
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