The role of model uncertainty and learning in the US postwar policy response to oil prices
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Publication:426671
DOI10.1016/j.jedc.2012.01.013zbMath1239.91116OpenAlexW2128855761MaRDI QIDQ426671
Publication date: 11 June 2012
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: http://pareto.uab.es/wp/2010/83410.pdf
Classification and discrimination; cluster analysis (statistical aspects) (62H30) Learning and adaptive systems in artificial intelligence (68T05) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Rationality and learning in game theory (91A26)
Uses Software
Cites Work
- Model uncertainty and policy evaluation: some theory and empirics
- A Bayesian approach to optimal monetary policy with parameter and model uncertainty
- Simple conditions for the convergence of the Gibbs sampler and Metropolis-Hastings algorithms
- Learning and control in a changing economic environment.
- Learning by doing and the value of optimal experimentation
- OIL PRICE SHOCKS, SYSTEMATIC MONETARY POLICY, AND THE “GREAT MODERATION”
- Robustness
- Time Varying Structural Vector Autoregressions and Monetary Policy
- Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?
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