• Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Avoiding Nash Inflation: Bayesian and Robust Response to Model Uncertainty

Avoiding Nash Inflation: Bayesian and Robust Response to Model Uncertainty

Paperback

Business General

ISBN10: 1505421985
ISBN13: 9781505421989
Publisher: Createspace
Published: Dec 8 2014
Pages: 44
Weight: 0.28
Height: 0.09 Width: 8.50 Depth: 11.02
Language: English
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. To the best of ourknowledge, this is the first paper to simultaneously consider these crucial elements of real-world policy design.

Also in

Business General