1# Library to Find Best eBook for Read
Author : Lars E. O. Svensson
Release : 2007
Genre : Monetary policy
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Monetary Policy with Model Uncertainty by : Lars E. O. Svensson
Download or read book Monetary Policy with Model Uncertainty written by Lars E. O. Svensson. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard T. Froyen
Release : 2019
Genre : Mathematical optimization
Kind : eBook
Book Rating : 193/5 ( reviews)
Book Synopsis Optimal Monetary Policy under Uncertainty, Second Edition by : Richard T. Froyen
Download or read book Optimal Monetary Policy under Uncertainty, Second Edition written by Richard T. Froyen. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a thorough survey of the model-based literature on optimal monetary in a stochastic setting. The survey begins with the literature of the 1970s which focused on the information problem in policy design and extends to the New Keynesian approach of the 1990s which centered on evaluating alternative targeting strategies. New to the second edition is consideration of research since the world financial crisis on the role of financial markets and institutions in the conduct of monetary policy.
Author : Ann-Charlotte Eliasson
Release : 1999-05-01
Genre : Business & Economics
Kind : eBook
Book Rating : 710/5 ( reviews)
Book Synopsis Simple Monetary Policy Rules Under Model Uncertainty by : Ann-Charlotte Eliasson
Download or read book Simple Monetary Policy Rules Under Model Uncertainty written by Ann-Charlotte Eliasson. This book was released on 1999-05-01. Available in PDF, EPUB and Kindle. Book excerpt: Using stochastic simulations and stability analysis, the paper compares how different monetary rules perform in a moderately nonlinear model with a time-varying nonaccelerating-inflation-rate-of-unemployment (NAIRU). Rules that perform well in linear models but implicitly embody backward-looking measures of real interest rates (such as conventional Taylor rules) or substantial interest rate smoothing perform very poorly in models with moderate nonlinearities, particularly when policymakers tend to make serially correlated errors in estimating the NAIRU. This challenges the practice of evaluating rules within linear models, in which the consequences of responding myopically to significant overheating are extremely unrealistic.
Author : Anna Orlik
Release : 2013
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Optimal Monetary Policy Under Model Uncertainty Without Commitment by : Anna Orlik
Download or read book Optimal Monetary Policy Under Model Uncertainty Without Commitment written by Anna Orlik. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund
Release : 1988-12-27
Genre : Business & Economics
Kind : eBook
Book Rating : 148/5 ( reviews)
Book Synopsis Model Uncertainty. Learning, and the Gains from Coordination by : International Monetary Fund
Download or read book Model Uncertainty. Learning, and the Gains from Coordination written by International Monetary Fund. This book was released on 1988-12-27. Available in PDF, EPUB and Kindle. Book excerpt: The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a standard, two-country model. Activist policy (either coordinated or uncoordinated) may produce large welfare losses in the absence of learning, if policymakers believe in the wrong model; hence exogenous money targets and freely flexible exchange rates may be best. However, model learning (from observations on macroeconomic variables) causes coordinated policies to dominate activist uncoordinated policies or exogenous money targets.
