Showing 1 - 10 of 20
Persistent link: https://www.econbiz.de/10012121109
Persistent link: https://www.econbiz.de/10015334709
Persistent link: https://www.econbiz.de/10003187646
Persistent link: https://www.econbiz.de/10011537170
We examine learning, model misspecification, and robust policy responses to misspecification in a quasi-real-time environment. The laboratory for the analysis is the Sargent (1999) explanation for the origins of inflation in the 1970's and the subsequent disinflation. Three robust policy rules...
Persistent link: https://www.econbiz.de/10005085540
Persistent link: https://www.econbiz.de/10005199947
In recent years, the learnability of rational expectations equilibria (REE) and determinacy of economic structures have rightfully joined the usual performance criteria among the sought-after goals of policy design. Some contributions to the literature, including Bullard and Mitra [2002....
Persistent link: https://www.econbiz.de/10005205100
We outline a method to provide advice on optimal monetary policy while taking policymakers' judgment into account. The method constructs Optimal Policy Projections (OPPs) by extracting the judgment terms that allow a model, such as the Federal Reserve Board's FRB/US model, to reproduce a...
Persistent link: https://www.econbiz.de/10005088816
Persistent link: https://www.econbiz.de/10005302208
Persistent link: https://www.econbiz.de/10005674103