Optimal monetary policy in a micro-founded model with parameter uncertainty

DOI10.1016/J.JEDC.2005.10.003MaRDI QIDQ959738zbMATH OpenOpenAlexFDO

Authors Takeshi Kimura, Takushi Kurozumi

Publication date 12 December 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://www.federalreserve.gov/pubs/feds/2003/200367/200367pap.pdf

zbMATH Keywords

parameter uncertaintyoptimal monetary policyinertial interest rate policyloss-function uncertainty

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 1790589 (Why is no real title available?)
• Inflation Persistence
• Learning by doing and the value of optimal experimentation
• Solutions to linear rational expectations models: a compact exposition
• The Solution of Linear Difference Models under Rational Expectations
• Using the generalized Schur form to solve a multivariate linear rational expectations model

Cited in

(10)

• Robust monetary policy in a small open economy
• Optimal random monetary policy with nominal rigidity.
• A Bayesian approach to optimal monetary policy with parameter and model uncertainty
• Solution algorithm to a class of monetary rational equilibrium macromodels with optimal monetary policy design
• ROBUST MONETARY POLICY UNDER UNCERTAINTY ABOUT CENTRAL BANK PREFERENCES
• Central bank reputation in a forward-looking model
• Optimal conservatism and collective monetary policymaking under uncertainty
• Real-time optimal monetary policy with undistinguishable model parameters and shock processes uncertainty
• A new approach for modelling and understanding optimal monetary policy
• Optimal monetary policy under parameter uncertainty in a simple microfounded model

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