Createspace Independent Publishing Platform
Avoiding Nash Inflation: Bayesian and Robust Response to Model Uncertainty
Product Code:
9781505421989
ISBN13:
9781505421989
Condition:
New
$15.75
Avoiding Nash Inflation: Bayesian and Robust Response to Model Uncertainty
$15.75
This paper considers the design of monetary policy under uncertainty. Specifically, we usea simple model to jointly consider three things: learning by the monetary authority; model misspecification; and robust policies to counter the misspecification problems. To the best of ourknowledge, this is the first paper to simultaneously consider these crucial elements of real-world policy design.
| Author: Federal Reserve Board |
| Publisher: Createspace Independent Publishing Platform |
| Publication Date: Dec 08, 2014 |
| Number of Pages: 44 pages |
| Binding: Paperback or Softback |
| ISBN-10: 1505421985 |
| ISBN-13: 9781505421989 |
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