Laskar, Daniel - In: Recherches économiques de Louvain 73 (2007) 4, pp. 387-421
We compare two cases of uncertainty which have led to traditional arguments for less activist monetary policies: One, where the uncertainty concerns the global effect of policy, as in Brainard (1967); and the other where the uncertainty is about the the lags, as in Friedman (1960). We show that...