.png){kind=icon}
返回
Monetary policy with imperfect knowledge
.png){kind=icon}
OA
AI
DOI：10.1162/jeea.2006.4.2-3.366.png)
.png){kind=icon}
.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We examine the performance and robustness of monetary policy rules when the central bank and the public have imperfect knowledge of the economy and continuously update their estimates of model parameters. We find that versions of the Taylor rule calibrated to perform well under rational expectations with perfect knowledge perform very poorly when agents are learning and the central bank faces uncertainty regarding natural rates. In contrast, difference rules, in which the change in the interest rate is determined by the inflation rate and the change in the unemployment rate, perform well when knowledge is both perfect and imperfect.
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
3.3
论文数:
1.5K
被引数:
6.6K
机构
暂无机构信息
引用论文
.png){kind=icon}
Clinical usefulness of the rotatory, caloric, and vestibular evoked myogenic potential test in unilateral peripheral vestibular pathologies旋转，热量和前庭诱发的肌源性电位测试在单侧周围前庭病变中的临床实用性
PREAI
分享收藏