Influence of Parameter Estimation Uncertainty on the European Banker Behavior : An Extension

This paper deals with the linear quadratic stochastic control approach to assessing the effects of parameter estimation uncertainty on the central banker behavior. The treatment of parameter estimation uncertainty is covered by the introduction of the full variance-covariance matrix of the parameters estimates in the optimal control theory. The proposed approach is simple to implement and is applicable to a large class of model. The principle of conservatism of Brainard is found empirically relevant for a Euro area policymaker

Year of publication:	2003
Authors:	Sahuc, Jean-Guillaume
Publisher:	[S.l.] : SSRN

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10014093429

A service of the