Robust Optimal Policy in a Forward-Looking Model with Parameter and Shock Uncertainty
收藏NBER2006-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11942
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资源简介：
This paper characterizes a robust optimal policy rule in a simple forward-looking model, when the policymaker faces uncertainty about model parameters and shock processes. We show that the robust optimal policy rule is likely to involve a stronger response of the interest rate to fluctuations in
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美国国家经济研究局创建时间：
2006-01-01
