Del Negro, Marco (contributor); … - 2005
Misspecification, Discard the Past
The policymaker believes that the sample (hence the posterior) provides no information
about … information is shared by the robust control approaches of
Onatski and Stock (2002), Onatski and Williams (2003), and Hansen and …∆ are assumed to be invariant to changes in policy. The sample information
is used to learn about the model misspecification …