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Monetary policy tightening in response to uncertain stagflationary shocks : a model-based analysis

Bartocci, Anna; Cantelmo, Alessandro; Notarpietro, … - 2023

Persistent link: https://www.econbiz.de/10014484473

Benefits from U.S. Monetary Policy Experimentation in the Days of Samuelson and Solow and Lucas

Cogley, Timothy - 2012

prior into a posterior at each date and gives the policy maker an incentive to experiment. For a model calibrated to U … outcomes from two Bellman equations, the first of which embodies a `experiment and learn' setup, the second of which embodies a … `don't experiment, do learn' view. We interpret the second as an example of an `anticipated utility' model and study how …

Persistent link: https://www.econbiz.de/10012755065

Robustness and US monetary policy experimentation

Cogley, Timothy; Colacito, Riccardo; Hansen, Lars Peter; … - In: Journal of money, credit and banking : JMCB 40 (2008) 8, pp. 1599-1623

Persistent link: https://www.econbiz.de/10003797235

Monetary policy regime shifts and inflation persistence

Davig, Troy; Doh, Taeyoung - In: The review of economics and statistics 96 (2014) 5, pp. 862-875

Persistent link: https://www.econbiz.de/10010470575

Modeling US inflation dynamics : a Bayesian nonparametric approach

Jochmann, Markus - In: Econometric reviews 34 (2015) 1/5, pp. 537-558

Persistent link: https://www.econbiz.de/10011373257

Breaks in the Phillips Curve : Evidence from Panel Data

Smith, Simon C.; Timmermann, Allan; Wright, Jonathan H. - National Bureau of Economic Research - 2023

We revisit time-variation in the Phillips curve, applying new Bayesian panel methods with breakpoints to US and European Union disaggregate data. Our approach allows us to accurately estimate both the number and timing of breaks in the Phillips curve. It further allows us to determine the...

Persistent link: https://www.econbiz.de/10014250170

Breaks in the Phillips curve : evidence from panel data

Smith, Simon C.; Timmermann, Allan; Wright, Jonathan H. - 2023 - Draft: March 25, 2023

Persistent link: https://www.econbiz.de/10014284088

Benefits from US monetary policy experimentation in the days of Samuelson and Solow and Lucas

Cogley, Timothy; Colacito, Riccardo; Sargent, Thomas J. - In: Journal of money, credit and banking : JMCB 39 (2007), pp. 67-99

Persistent link: https://www.econbiz.de/10003430042

On the relation between robust and Bayesian decision making

Adam, Klaus - 2003

Persistent link: https://www.econbiz.de/10001736235

On the relation between robust and Bayesian decision making

Adam, Klaus - 2003

This paper compares Bayesian decision theory with robust decision theory where the decision maker optimizes with respect to the worst state realization. For a class of robust decision problems there exists a sequence of Bayesian decision problems whose solution converges towards the robust...

Persistent link: https://www.econbiz.de/10009765345