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

DOI10.1016/S0165-1765(00)00216-0MaRDI QIDQ1978729zbMATH OpenWikidataFDO

Authors 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

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

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Cites work

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Cited in

(10)

• CREDIBILITY AND INTERTEMPORAL CONSISTENCY
• Optimal policy response with control parameter and intercept covariance
• The timing of uncertainty and the intensity of policy
• Parameter uncertainty and policy intensity: some extensions and suggestions for further work
• Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?
• Stochastic control for economic models: past, present and the paths ahead
• 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
• Robust control: a note on the response of the control to changes in the ``free parameter
• The macro and asset pricing implications of rising Italian uncertainty: evidence from a novel news-based macroeconomic policy uncertainty index

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