Monetary policy under misspecified expectations

DOI10.1016/j.jedc.2006.04.007zbMath1201.91142OpenAlexW1964486358MaRDI QIDQ1017037

Mingjun Zhao

Publication date: 18 May 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2006.04.007

zbMATH Keywords

robust controlmodel uncertaintyminimax policymisspecified expectations

Mathematics Subject Classification ID

Deterministic scheduling theory in operations research (90B35) Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69)

Uses Software

• Uhlig Toolkit

Cites Work

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• Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations
• Optimal Interest-Rate Smoothing
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?