Article ID Journal Published Year Pages File Type
965891 Journal of Macroeconomics 2013 8 Pages PDF
Abstract
► Microfounded new Keynesian DSGE model with uncertainty about some parameters. ► Optimal robust monetary policy neutralizes the uncertainty about the relative weight to assign to output-gap stabilization. ► It is optimal to set interest rates in less aggressive way: the “Brainard principle” holds.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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