Optimal monetary policy under parameter uncertainty in a simple microfounded model

DOI10.1017/S1365100509090154MaRDI QIDQ3564819zbMATH OpenFDO

Authors Takushi Kurozumi

Publication date 26 May 2010

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/S1365100509090154

zbMATH Keywords

microfoundationoptimal monetary policyparameter uncertainty

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Maxmin expected utility with non-unique prior
• Optimal monetary policy in a micro-founded model with parameter uncertainty
• Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?

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(28)

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• Resuscitating the ad hoc loss function for monetary policy analysis
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• The optimal degree of monetary discretion in a New Keynesian model with private information
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