Bullard, James B.; Evans, George W.; Honkapohja, Seppo - Federal Reserve Bank of St. Louis - 2004
and Imperfect Knowledge,” Würzburg, Germany. We thank Martin Ellison, Roger Farmer,
Petra Geraats, Eran Guse, Sharon … unobserved fundamentals. In this case,
judgement can be viewed as imprecise knowledge of some unobserved shocks
that hit the …