Resuscitating the ad hoc loss function for monetary policy analysis

DOI10.1016/J.ECONLET.2014.03.010MaRDI QIDQ397943zbMATHOpenAlexFDO

Authors Juan Paez-Farrell

Publication date 12 August 2014

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2014.03.010

zbMATH Keywords

robustnesscommitmentloss functionoptimal monetary policy

Mathematics Subject Classification ID

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

Recommendations

• Monetary Policy with a Nonlinear Phillips Curve and Asymmetric Loss
• Optimal monetary policy under parameter uncertainty in a simple microfounded model
• Stochastic optimization and worst-case analysis in monetary policy design
• Staggering, the optimal monetary rule and persistence
• Optimal monetary policy in a New Keynesian model with job search

Cites work

• Estimation and control of an optimization-based model with sticky prices and wages
• OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS

This page was built for publication: Resuscitating the ad hoc loss function for monetary policy analysis

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q397943)