Robustness and US Monetary
models and the prior distribution are correctly specified. We explain how the policy maker's desires to protect against misspecifications of the submodels, on the one hand, and misspecifications of the prior over them, on the other, have different effects on the decision rule.
Year of publication: |
2008
|
---|---|
Authors: | Sargent, Thomas J. ; Colacito, Riccardo ; Hansen, Lars P. ; Cogley, Timothy |
Institutions: | Society for Economic Dynamics - SED |
Saved in:
Saved in favorites
Similar items by person
-
Robustness and US monetary policy experimentation
Cogley, Timothy, (2008)
-
Benefits from U.S. Monetary Policy Experimentation in the Days of Samuelson
Cogley, Timothy, (2005)
-
Benefits from U.S. Monetary Policy Experimentation in the Days of Samuelson and Solow and Lucas
COGLEY, TIMOTHY, (2007)
- More ...