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Monetary Policy in an Uncertain Environment

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NBER2003-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9969
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This paper discusses the nature of the uncertainty faced by central banks and considers three approaches to dealing with uncertainty(1) formal optimization models and robust rules based on such models; (2) informal rules like the Taylor rule and inflation targeting; and (3) a case by case approach
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2003-09-01
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