Monetary Policy under Uncertainty: Historical Origins, Theoretical Foundations, and Empirical Evidence

✍ Scribed by Oliver Sauter

Publisher: Springer Gabler
Year: 2014
Tongue: English
Leaves: 223
Edition: 2014
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

Oliver Sauter analyzes three aspects of monetary policy under uncertainty. First he shows that the terms risk and uncertainty are often wrongly used as synonyms despite their different meanings. The second aspect is the proper examination and incorporation of uncertainty into a monetary policy framework. The author undertakes systematization with a closer look at each identified form of uncertainty. Thirdly, he focuses on the quantification of uncertainty from two different perspectives, either from a market perspective or from a central bank perspective.

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