Central banks face uncertainty about the true location of the effective lower bound (ELB) on nominal interest rates. We model optimal discretionary monetary policy during a liquidity trap when the central bank designs policy that is robust with respect to the location of the ELB. If the central...

Power in wind turbines are traditionally controlled by varying the pitch angle at high wind speeds in region 3 of the wind turbine operation. The pitch angles controllers are normally driven by electrical or hydraulic actuators. The motivation of this research is to design and implement a pitch...