Indicator variables for optimal policy under asymmetric information

DOI10.1016/S0165-1889(03)00039-3MaRDI QIDQ951485zbMATH OpenOpenAlexFDO

Authors Lars E. O. Svensson, Michael Woodford

Publication date 24 October 2008

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

Full work available at URL https://doi.org/10.1016/s0165-1889(03)00039-3

zbMATH Keywords

certainty equivalencecommitmentKalman filtermonetary policypartial information

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Economics of information (91B44) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Equilibrium with signal extraction from endogenous variables
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• scientific article; zbMATH DE number 3492382 (Why is no real title available?)
• Reputational and nonreputational policies under partial information

Cited in

(12)

• Inferring monetary policy objectives with a partially observed state
• Measurement errors and monetary policy: then and now
• An informational rationale for action over disclosure
• Imperfect transparency and shifts in the central bank's output gap target
• Uncertainties surrounding natural rate estimates in the G7
• Invertible and non-invertible information sets in linear rational expectations models
• Inflation and output volatility under asymmetric incomplete information
• Signalling with private monitoring
• Computation of policy counterfactuals in sequence space
• Distortionary taxes and public investment when government promises are not enforceable
• Uncertain potential output: Implications for monetary policy
• Optimal commitment policy under noisy information

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