Indicator variables for optimal policy under asymmetric information

DOI10.1016/S0165-1889(03)00039-3zbMATH Open1179.91129OpenAlexW2788005544MaRDI QIDQ951485FDOQ951485

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

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zbMATH Keywords

Kalman filtercommitmentpartial informationmonetary policycertainty equivalence

Mathematics Subject Classification ID

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

Cites Work

• Title not available (Why is that?)
• Equilibrium with signal extraction from endogenous variables
• Title not available (Why is that?)
• Reputational and nonreputational policies under partial information

Cited In (10)

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

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