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Incomplete information, stabilization, and the relationship between inflation and unemployment

Kovanen, Arto Tapani - In: Journal of macroeconomics 14 (1992) 2, pp. 305-319

Persistent link: https://www.econbiz.de/10001121068

The Effects of Transmission Uncertainty on the Flexibility-Credibility Tradeoff in Monetary Policy

Senegas, Marc-Alexandre - 2007

instrument has a stochastic impact on inflation. This type of uncertainty is particularly interesting, since it affects the … case of the introduction of uncertainty at the margin. Furthermore, the coefficient of variation of inflation appears to …

Persistent link: https://www.econbiz.de/10012728879

Optimal Monetary Policy Under Uncertainty in DSGE Models : A Markov Jump-Linear-Quadratic Approach

Svensson, Lars E. O. - 2010

We study the design of optimal monetary policy under uncertainty in a dynamic stochastic general equilibrium models. We use a Markov jump-linear-quadratic (MJLQ) approach to study policy design, approximating the uncertainty by different discrete modes in a Markov chain, and by taking...

Persistent link: https://www.econbiz.de/10012759442