Showing 1 - 2 of 2
We examine optimal and other monetary policies in a linear-quadratic setup with a relatively general form of model uncertainty, so-called Markov jump-linear-quadratic systems extended to include forward-looking variables. The form of model uncertainty our framework encompasses includes: simple...
Persistent link: https://www.econbiz.de/10003126167
Persistent link: https://www.econbiz.de/10008934677