Showing 1 - 2 of 2
This paper studies robustly optimal monetary policy in a behavioral New Keynesian model, where the private sector has myopia, while the central bank has Knightian uncertainty about the degree of myopia of the private sector and the degree of price stickiness. In such a setup the central bank...
Persistent link: https://www.econbiz.de/10013308140
Persistent link: https://www.econbiz.de/10013556574