| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967199 | Journal of Monetary Economics | 2012 | 17 Pages |
Abstract
⺠I analyze optimal monetary policy when the economy occasionally but experiences crises. ⺠Optimal monetary policy is affected during the crisis and in normal times. ⺠In the estimated model, the effects in normal times are quite small. ⺠Optimal policy changes significantly during crises, but uncertainty about crises has little effect.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Noah Williams,