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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
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Das Inflation Targeting unter dem Aspekt der Inflationsunsicherheit
Boerner, Sebastian - 2009 - Erstauflage
Persistent link: https://www.econbiz.de/10003901875
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Inflation targeting under inflation uncertainty : multi-economy evidence from a stochastic volatility model
Hartmann, Matthias; Herwartz, Helmut; Ulm, Maren - In: Macroeconomic dynamics 26 (2022) 5, pp. 1302-1337
Persistent link: https://www.econbiz.de/10013270236
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Effective lower bound risk
Hills, Timothy S.; Nakata, Taisuke; Schmidt, Sebastian - 2019 - This draft: September 2019
policy rate will become constrained in the future lowers today's inflation by creating tail risk in future inflation and thus … the tail risk induced by the ELB causes inflation to undershoot the target rate of 2 percent by as much as 50 basis points …
Persistent link: https://www.econbiz.de/10012182403
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Disinflationary shocks and inflation target uncertainty
Neri, Stefano; Ropele, Tiziano - 2019
Persistent link: https://www.econbiz.de/10012140127
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Optimal filtering with potential output uncertainty
Yetman, James - 2005
Persistent link: https://www.econbiz.de/10003279294
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Uncertainty about perceived inflation target and monetary policy
Aoki, Kosuke (contributor); Kimura, Takeshi (contributor) - 2007
Persistent link: https://www.econbiz.de/10003489296
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Uncertainty about the persistence of inflation
Pinkwart, Nicolas - 2010
This paper offers several contributions to actual research and discussion on monetary policy. It clarifies the relationship between uncertainty of inflation persistence and optimal monetary policy and discusses the consequences of the recent Blanchard proposal to implement a higher inflation...
Persistent link: https://www.econbiz.de/10003965025
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Monetary policy with heterogeneous households and imperfect risk-sharing
Lee, Jae Won - In: Review of economic dynamics 17 (2014) 3, pp. 505-522
Persistent link: https://www.econbiz.de/10011280935
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Inflation uncertainty and unemployment uncertainty : why transparency about monetary policy targets matters
Sánchez, Marcelo - In: Economics letters 117 (2012) 1, pp. 119-122
Persistent link: https://www.econbiz.de/10009697915