This paper surveys the implications of uncertainty for the design of monetary policy. Among the topics discussed are the impact of imperfect or noisy information on the performance of simple rules, the performance of rules that are robust to the exogenous disturbance processes, the effects of parameter uncertainty, and the implications of robust control. The analysis is conducted using a new Keynesian framework. One finding is that difference rules seem to perform well in the presence of imperfect information about the output gap
This paper studies the implications of certain kinds of uncertainty for monetary policy. It first de...
Since uncertainty is such an important issue for policymakers it should come as no surprise that eco...
This paper studies the consequences for the monetary policy design of information shortages on the p...
This paper surveys the implications of uncertainty for the design of monetary policy. Among the topi...
This paper analyses the impact of uncertainty about the true state of the economy on monetary policy...
This paper analyses the effect of measurement error in the output gap on efficient monetary policy r...
Monetary transmission mechanisms after the financial crisis are poorly understood. This implies that...
This paper analyses the impact of uncertainty about the true state of the economy on monetary polic...
In the world that confronts policymakers, data on the most recent economic outcomes tend to be those...
This paper compares two contrasting approaches to robust monetary policy design. The first developed...
An important challenge facing central banks is making decisions under uncertainty about the dynamic ...
We employ information-gap decision theory to derive a robust monetary policy response to Knightian p...
This paper proposes a model in which control variations induce an increase in the uncertainty of the...
We examine the performance and robustness properties of alternative monetary policy rules in the pre...
This paper contributes to the recent literature that studies the quantitative implications of the im...
This paper studies the implications of certain kinds of uncertainty for monetary policy. It first de...
Since uncertainty is such an important issue for policymakers it should come as no surprise that eco...
This paper studies the consequences for the monetary policy design of information shortages on the p...
This paper surveys the implications of uncertainty for the design of monetary policy. Among the topi...
This paper analyses the impact of uncertainty about the true state of the economy on monetary policy...
This paper analyses the effect of measurement error in the output gap on efficient monetary policy r...
Monetary transmission mechanisms after the financial crisis are poorly understood. This implies that...
This paper analyses the impact of uncertainty about the true state of the economy on monetary polic...
In the world that confronts policymakers, data on the most recent economic outcomes tend to be those...
This paper compares two contrasting approaches to robust monetary policy design. The first developed...
An important challenge facing central banks is making decisions under uncertainty about the dynamic ...
We employ information-gap decision theory to derive a robust monetary policy response to Knightian p...
This paper proposes a model in which control variations induce an increase in the uncertainty of the...
We examine the performance and robustness properties of alternative monetary policy rules in the pre...
This paper contributes to the recent literature that studies the quantitative implications of the im...
This paper studies the implications of certain kinds of uncertainty for monetary policy. It first de...
Since uncertainty is such an important issue for policymakers it should come as no surprise that eco...
This paper studies the consequences for the monetary policy design of information shortages on the p...
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