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