Robustly optimal instrument rules and robust control: An equivalence result

Journal of Money, Credit and Banking

Volumn 36, Issue 6, 2004, Pages 1105-1113

  Walsh, Carl E ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

Central bank policy; Robust control

Indexed keywords

EID: 11244335651     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.1353/mcb.2005.0013     Document Type: Article

References (8)

1. Giannoni, Marc, and Michael Woodford (2003a). "Optimal Interest-Rate Rules: I. General Theory." NBER Working Paper No. 9419.
2. Giannoni, Marc, and Michael Woodford (2003b). "Optimal Interest-Rate Rules: II. Applications." NBER Working Paper No. 9420.
3. Giordani, P. and P. Söderlind (2004). "Solution of Macromodels with Hansen-Sargent Robust Policies: Some Extension." Journal of Economic Dynamics and Control 28, 2367-2397.
4. Hansen, Lars Peter, and Thomas J. Sargent (2003). "Robust Control of Forward-Looking Models." Journal of Monetary Economics 50, 581-604.
5. Hansen, Lars Peter, and Thomas J. Sargent (2004). Robust Control and Economic Model Uncertainty. Princeton, NJ: Princeton University Press, forthcoming.
6. Svensson, Lars E. O., and Michael Woodford (2004). "Implementing Optimal Policy through Inflation-Forecast Targeting." In The inflation Targeting Debate, edited by Ben S. Bernanke, and Michael Woodford, Chicago: University of Chicago Press, forthcoming.
7. Walsh, Carl E. (2003). Monetary Theory and Policy, 2nd. edition. Cambridge, MA: The MIT Press.
8. Woodford, Michael (2003). Interest and Prices. Princeton, NJ: Princeton University Press.