메뉴 건너뛰기




Volumn 6, Issue 1, 2002, Pages 85-110

Robust monetary policy under model uncertainty in a small model of the U.S. economy

Author keywords

Brainard Uncertainty; Parameter Uncertainty; Robust Control

Indexed keywords


EID: 0036002890     PISSN: 13651005     EISSN: None     Source Type: Journal    
DOI: 10.1017/S1365100502027050     Document Type: Article
Times cited : (116)

References (27)
  • 2
    • 0003346542 scopus 로고    scopus 로고
    • Efficient rules for monetary policy
    • Ball, L. (1997) Efficient Rules for Monetary Policy. NBER working paper 5952.
    • (1997) NBER Working Paper , vol.5952
    • Ball, L.1
  • 3
    • 0003039020 scopus 로고    scopus 로고
    • Policy rules for open economies
    • J. Taylor (ed.), Chicago: University of Chicago Press for the NBER
    • Ball, L. (1999) Policy rules for open economies. In J. Taylor (ed.), Monetary Policy Rules, pp. 127-144. Chicago: University of Chicago Press for the NBER.
    • (1999) Monetary Policy Rules , pp. 127-144
    • Ball, L.1
  • 4
    • 0001660667 scopus 로고
    • Uncertainty and the effectiveness of policy
    • Brainard, W. (1967) Uncertainty and the effectiveness of policy. American Economic Review 57, 411-425.
    • (1967) American Economic Review , vol.57 , pp. 411-425
    • Brainard, W.1
  • 5
    • 0012856094 scopus 로고
    • Effect of uncertainty on optimal control policies
    • Chow, G.C. (1973) Effect of uncertainty on optimal control policies. International Economic Review 14, 632-645.
    • (1973) International Economic Review , vol.14 , pp. 632-645
    • Chow, G.C.1
  • 7
    • 0000264859 scopus 로고
    • Controlling a stochastic process with unknown parameters
    • Easley, D. & N.M. Kiefer (1988) Controlling a stochastic process with unknown parameters. Econometrica 56, 1045-1064.
    • (1988) Econometrica , vol.56 , pp. 1045-1064
    • Easley, D.1    Kiefer, N.M.2
  • 8
    • 0032251520 scopus 로고    scopus 로고
    • Foundations of the Goldilocks economy: Supply shocks and the time-varying NAIRU
    • Gordon, R.J. (1998) Foundations of the Goldilocks economy: Supply shocks and the time-varying NAIRU. Brookings Papers on Economic Activity (2), 297-333.
    • (1998) Brookings Papers on Economic Activity , Issue.2 , pp. 297-333
    • Gordon, R.J.1
  • 11
    • 0002814243 scopus 로고
    • Targets, indicators, and instruments of monetary policy
    • W.S. Haraf & P. Cagan (eds.) Washington DC: AEI Press
    • McCallum, B.T. (1990) Targets, indicators, and instruments of monetary policy. In W.S. Haraf & P. Cagan (eds.), Monetary Policy for a Changing Financial Environment, pp. 44-70. Washington DC: AEI Press.
    • (1990) Monetary Policy for a Changing Financial Environment , pp. 44-70
    • McCallum, B.T.1
  • 13
    • 0002578156 scopus 로고    scopus 로고
    • A policymaker confronts uncertainty
    • Federal Reserve Bank of St. Louis
    • Poole, W. (1998) A policymaker confronts uncertainty, pp. 3-8. In Review, Vol. 80, No. 5. Federal Reserve Bank of St. Louis.
    • (1998) Review , vol.80 , Issue.5 , pp. 3-8
    • Poole, W.1
  • 14
    • 0035589533 scopus 로고    scopus 로고
    • Is the Fed too timid? Monetary policy in an uncertain world
    • Rudebusch, G.D. (2001) Is the Fed too timid? Monetary policy in an uncertain world. Review of Economics and Statistics 83, 203-217.
    • (2001) Review of Economics and Statistics , vol.83 , pp. 203-217
    • Rudebusch, G.D.1
  • 15
    • 0001813732 scopus 로고    scopus 로고
    • Policy rules for inflation targeting
    • J. Taylor (ed.), Chicago: University of Chicago Press for the NBER.
    • Rudebusch, G.D. & L.E.O. Svensson (1999) Policy rules for inflation targeting. In J. Taylor (ed.), Monetary Policy Rules, pp. 203-246. Chicago: University of Chicago Press for the NBER.
    • (1999) Monetary Policy Rules , pp. 203-246
    • Rudebusch, G.D.1    Svensson, L.E.O.2
  • 16
    • 0001583687 scopus 로고    scopus 로고
    • Comment on ball
    • J. Taylor (ed.), Chicago: University of Chicago Press for the NBER
    • Sargent, T. (1999) Comment on Ball. In J. Taylor (ed.), Monetary Policy Rules, pp. 144-154. Chicago: University of Chicago Press for the NBER.
    • (1999) Monetary Policy Rules , pp. 144-154
    • Sargent, T.1
  • 17
    • 0043227313 scopus 로고    scopus 로고
    • Comment on Rudebusch and Svensson
    • J. Taylor (ed.), Chicago: University of Chicago Press for the NBER
    • Stock, J.H. (1999) Comment on Rudebusch and Svensson. In J. Taylor (ed.), Monetary Policy Rules, pp. 253-259. Chicago: University of Chicago Press for the NBER.
    • (1999) Monetary Policy Rules , pp. 253-259
    • Stock, J.H.1
  • 18
    • 0012796456 scopus 로고    scopus 로고
    • Monetary policy in a changing economy: Indicators, rules, and the shift towards intangible output
    • (in press) Bank of Japan
    • Stock J.H. (in press) Monetary policy in a changing economy: Indicators, rules, and the shift towards intangible output. In Proceedings of the Eighth International Conference on Monetary Policy, Bank of Japan.
    • Proceedings of the Eighth International Conference on Monetary Policy
    • Stock, J.H.1
  • 19
    • 0000529574 scopus 로고    scopus 로고
    • Inflation forecast targeting: Implementing and monitoring inflation targets
    • Svensson, L.E.O. (1997a) Inflation forecast targeting: Implementing and monitoring inflation targets. European Economic Review 41, 1111-1146.
    • (1997) European Economic Review , vol.41 , pp. 1111-1146
    • Svensson, L.E.O.1
  • 20
    • 0009370168 scopus 로고    scopus 로고
    • Inflation targeting: Some extensions
    • Svensson, L.E.O. (1997b) Inflation Targeting: Some Extensions. NBER working paper 5962.
    • (1997) NBER Working Paper , vol.5962
    • Svensson, L.E.O.1
  • 25
    • 0000060772 scopus 로고    scopus 로고
    • Monetary policy, parameter uncertainty and optimal learning
    • Wieland, V. (2000) Monetary policy, parameter uncertainty and optimal learning. Journal of Monetary Economics 46, 199-228.
    • (2000) Journal of Monetary Economics , vol.46 , pp. 199-228
    • Wieland, V.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.