Showing 1 - 10 of 26,287
Persistent link: https://www.econbiz.de/10010412030
Persistent link: https://www.econbiz.de/10001512333
Persistent link: https://www.econbiz.de/10001688174
This paper reports an investigation of the effects of additive and multiplicative uncertainty upon the stabilization properties of a simple base money rule for monetary policy. Using a five-equation empirical model of the United Kingdom, it is shown that changes in the extent of additive...
Persistent link: https://www.econbiz.de/10014185688
Macroeconomists are increasingly using nonlinear models to account for the effects of risk in the analysis of business cycles. In the monetary business cycle models widely used at central banks, an explicit recognition of risk generates a wedge between the inflation-target parameter in the...
Persistent link: https://www.econbiz.de/10012963934
the monetary authority. This, however, crucially depends on the relative welfare weight that is attached to the output gap …
Persistent link: https://www.econbiz.de/10010226632
Persistent link: https://www.econbiz.de/10009711563
Persistent link: https://www.econbiz.de/10010475517
Persistent link: https://www.econbiz.de/10011783336
Persistent link: https://www.econbiz.de/10011619983