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Monetary Policy Under Time-Varying Uncertainty Aversion

✍ Scribed by Fidel Gonzalez, Arnulfo Rodriguez

Book ID
118298660
Publisher
Springer US
Year
2011
Tongue
English
Weight
428 KB
Volume
41
Category
Article
ISSN
1572-9974

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πŸ“œ SIMILAR VOLUMES

Welfare-maximizing monetary policy under
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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