Robust Monetary Policy Under Model Uncertainty in a Small Model of the U.S. Economy
收藏NBER2000-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7490
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资源简介:
This paper examines monetary policy in Rudebusch and Svensson's (1999) two equation macroeconomic model when the policymaker recognizes that the model is an approximation and is uncertain about the quality of that approximation. It is argued that the minimax approach of robust control provides a
提供机构:
美国国家经济研究局
创建时间:
2000-01-01



