Offline dengan aplikasi Player FM !
How Should Monetary Policy Deal With Uncertainty?
Manage episode 388291848 series 3304320
We discuss how various forms of uncertainty affect the conduct of optimal monetary policy. We provide a summary of key insights from the academic literature, some of which are quite surprising. We explain how to make sense of them.
We make reference to the following academic papers:
Indicator variables for optimal policy, LEO Svensson, M Woodford - Journal of Monetary Economics, 2003 https://www.sciencedirect.com/science/article/pii/S0304393203000308
Indicator variables for optimal policy under asymmetric information, LEO Svensson, M Woodford, Journal of Economic Dynamics and Control
Volume 28, Issue 4, January 2004, Pages 661-690
https://www.sciencedirect.com/science/article/pii/S0165188903000393
The learning cost of interest rate reversals, Martin Ellison, Journal of Monetary Economics, Volume 53, Issue 8, November 2006, Pages 1895-1907
https://www.sciencedirect.com/science/article/pii/S0304393206001498
100 episode
Manage episode 388291848 series 3304320
We discuss how various forms of uncertainty affect the conduct of optimal monetary policy. We provide a summary of key insights from the academic literature, some of which are quite surprising. We explain how to make sense of them.
We make reference to the following academic papers:
Indicator variables for optimal policy, LEO Svensson, M Woodford - Journal of Monetary Economics, 2003 https://www.sciencedirect.com/science/article/pii/S0304393203000308
Indicator variables for optimal policy under asymmetric information, LEO Svensson, M Woodford, Journal of Economic Dynamics and Control
Volume 28, Issue 4, January 2004, Pages 661-690
https://www.sciencedirect.com/science/article/pii/S0165188903000393
The learning cost of interest rate reversals, Martin Ellison, Journal of Monetary Economics, Volume 53, Issue 8, November 2006, Pages 1895-1907
https://www.sciencedirect.com/science/article/pii/S0304393206001498
100 episode
Semua episode
×Selamat datang di Player FM!
Player FM memindai web untuk mencari podcast berkualitas tinggi untuk Anda nikmati saat ini. Ini adalah aplikasi podcast terbaik dan bekerja untuk Android, iPhone, dan web. Daftar untuk menyinkronkan langganan di seluruh perangkat.