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Avoiding Nash Inflation: Bayesian and Robust Response to Model Uncertainty by Fe

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Subtitle Bayesian and Robust Response to Model Uncertainty. Avoiding Nash Inflation. Short Title AVOIDING NASH INFLATION. This paper considers the design of monetary policy under uncertainty. Specifically, we usea simple model to jointly consider three things: learning by the monetary authority; model misspecification; and robust policies to counter the misspecification problems.

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Format:

Paperback
Language:

English
ISBN-13:

9781505421989
Author:

Federal Reserve Board
Type:

NA
Book Title:

Avoiding Nash Inflation
Publication Name:

NA
ISBN:

9781505421989

None:

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