A small forward-looking model of the euro-area economy is used to investigate the implications of incomplete information about potential output for the conduct of monetary policy. Three results emerge. First, under optimal monetary policy, output gap uncertainty leads to persistent deviations betwee
β¦ LIBER β¦
The Implications of Uncertainty for Monetary Policy
β Scribed by Geoffrey Shuetrim; Christopher Thompson
- Book ID
- 108573206
- Publisher
- John Wiley and Sons
- Year
- 2003
- Tongue
- English
- Weight
- 388 KB
- Volume
- 79
- Category
- Article
- ISSN
- 0013-0249
No coin nor oath required. For personal study only.
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