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  • Search: subject:"parameter unvcertainty"
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Knightian uncertainty 1 Robust monetary policy 1 info-gap decision theory 1 parameter unvcertainty 1
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Akram, Q. Farooq 1 Ben-Haim, Yakov 1 Eitrheim, Øyvind 1
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Norges Bank 1
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Did you mean: subject:"parameter uncertainty" (92 results)
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Robust-satisficing monetary policy under parameter uncertainty
Akram, Q. Farooq; Ben-Haim, Yakov; Eitrheim, Øyvind - Norges Bank - 2008
We employ the robust-satisficing approach to derive robust monetary policy when parameters of a macro model are uncertain. There is a trade-off between robustness of policies and their performance. Hence, under uncertainty, the policy maker is assumed to be content with policy performance at...
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