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~person:"Bordo, Michael D."
~person:"Williams, John C."
~subject:"Econometric models"
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Econometric models
Monetary policy
34
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Regelbindung versus Diskretion
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Bordo, Michael D.
Williams, John C.
Orphanides, Athanasios
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Alstadheim, Ragna
1
Berkelmans, Leon W.
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Bernanke, Ben S.
1
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Inflation targeting under imperfect knowledge
Orphanides, Athanasios
;
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2006
(1995),
Bernanke
and Mishkin (1997),
Bernanke
et al (1999), Goodfriend (2004), and citations therein. 1 bank or provide …
Persistent link: https://www.econbiz.de/10005361476
Saved in:
2
Learning, expectations formation and the pitfalls of optimal control monetary policy
Orphanides, Athanasios
;
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2008
This paper examines the robustness characteristics of optimal control policies derived under the assumption of rational expectations to alternative models of expectations. We assume that agents have imperfect knowledge about the precise structure of the economy and form expectations using a...
Persistent link: https://www.econbiz.de/10005361525
Saved in:
3
Imperfect knowledge and the pitfalls of optimal control monetary policy
Orphanides, Athanasios
;
Williams, John C.
-
Federal Reserve Bank of San Francisco
-
2008
This paper examines the robustness characteristics of optimal control policies derived under the assumption of rational expectations to alternative models of expectations formation and uncertainty about the natural rates of interest and unemployment. We assume that agents have imperfect...
Persistent link: https://www.econbiz.de/10005712211
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