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Monetary policy and uncertainty about the natural unemployment rate

Wieland, Volker - 2003

Inflation-targeting central banks have only imperfect knowledge about the effect of policy decisions on inflation. An important source of uncertainty is the relationship between inflation and unemployment. This paper studies the optimal monetary policy in the presence of uncertainty about the...

Persistent link: https://www.econbiz.de/10009765348

NAIRU Uncertainty and Nonlinear Policy Rules

Meyer, Laurence H.; Swanson, Eric T.; Wieland, Volker - 2001

estimates of the NAIRU, without a corresponding tightening of monetary policy. In addition, Meyer (1999) has suggested that … episodes of heightened uncertainty about the NAIRU may warrant a nonlinear policy response to changes in the unemployment rate … heightened uncertainty about the NAIRU …

Persistent link: https://www.econbiz.de/10014137888

Monetary Policy and Uncertainty About the Natural Unemployment Rate

Wieland, Volker - 2003

Persistent link: https://www.econbiz.de/10014087550

Monetary Policy and Uncertainty about the Natural Unemployment Rate

Wieland, Volker - Center for Financial Studies - 2003

Persistent link: https://www.econbiz.de/10010958781

Monetary Policy and Uncertainty about the Natural Unemployment Rate

Wieland, Volker - 2003

Persistent link: https://www.econbiz.de/10010311991

Monetary Policy and Uncertainty about the Natural Unemployment Rate

Wieland, Volker - C.E.P.R. Discussion Papers - 2003

Inflation-targeting central banks have only imperfect knowledge about the effect of policy decisions on inflation. An important source of uncertainty is the relationship between inflation and unemployment. This Paper studies the optimal monetary policy in the presence of uncertainty about the...

Persistent link: https://www.econbiz.de/10005067479