A Bayesian approach to optimal monetary policy with parameter and model uncertainty

DOI10.1016/J.JEDC.2011.02.006zbMATH Open1241.91139OpenAlexW2072667611MaRDI QIDQ428007FDOQ428007

Christian Matthes, Timothy Cogley, Kalin Nikolov, Bianca De Paoli, Tony Yates

Publication date: 18 June 2012

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2011.02.006

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zbMATH Keywords

Bayesian analysisstatistical decision theorymonetary policyquantitative policy modeling

Mathematics Subject Classification ID

Statistical methods; risk measures (91G70)

Cites Work

• Using simulation methods for bayesian econometric models: inference, development,and communication
• Optimal contracts and competitive markets with costly state verification
• Bayesian Analysis of DSGE Models
• Pooling of forecasts
• Model uncertainty and policy evaluation: some theory and empirics
• Title not available (Why is that?)
• Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy

Cited In (3)

• Title not available (Why is that?)
• A new approach for modelling and understanding optimal monetary policy
• The role of model uncertainty and learning in the US postwar policy response to oil prices

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