Caution in macroeconomic policy: Uncertainty and the relative intensity of policy

DOI10.1016/S0165-1765(00)00216-0zbMath0951.91044WikidataQ127609958 ScholiaQ127609958MaRDI QIDQ1978729

David A. Kendrick, P. Ruben Mercado

Publication date: 4 June 2000

Published in: Economics Letters (Search for Journal in Brave)

zbMATH Keywords

stochastic controlmacroeconomic policypolicy uncertainty

Mathematics Subject Classification ID

Stochastic systems and control (93E99) Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (7)

Parameter uncertainty and policy intensity: some extensions and suggestions for further work ⋮ Robust control: a note on the response of the control to changes in the ``free parameter ⋮ Stochastic control for economic models: past, present and the paths ahead ⋮ Optimal policy response with control parameter and intercept covariance ⋮ Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy? ⋮ Robust control: A note on the timing of model uncertainty ⋮ Robust control: a note on the response of the control to changes in the ``free parameter conditional on the character of nature

Cites Work

• Should macroeconomic policy makers consider parameter covariances?
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