Edge, Rochelle M.; Laubach, Thomas; Williams, John C. - Federal Reserve Board (Board of Governors of the … - 2007
This paper examines welfare-maximizing monetary policy in an estimated micro-founded general equilibrium model of the U … characteristics and performance of alternative monetary policy rules given the estimated uncertainty regarding parameter estimates. We …, Washington, D.C.
Welfare-Maximizing Monetary Policy under Parameter
Uncertainty
Rochelle M. Edge, Thomas Laubach, and John C …