Orphanides, Athanasios; Williams, John C. - 2007
Robust Monetary Policy with Imperfect Knowledge
Athanasios Orphanides
Board of Governors of the Federal Reserve System … properties of monetary policy rules in an
estimated macroeconomic model in which the economy undergoes structural change and ….
Keywords: Monetary policy, natural rate misperceptions, rational expectations, learning.
JEL Classification System: E52 …