Browsing Arbeidsnotater / Working Papers by Subject "robust monetary policy"
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Model Selection for Monetary Policy Analysis – Importance of Empirical Validity
(Working Papers;13/2006, Working paper, 2006)We investigate the importance of employing a valid model for monetary policy analysis. Specifically, we investigate the economic significance of differences in specification and empirical validity of models. We consider ... -
Robust-Satisficing Monetary Policy Under Parameter Uncertainty
(Working Papers;14/2007, Working paper, 2007)We employ the robust-satisficing approach to derive robust monetary policy when parameters of a macro model are uncertain. There is a trade-off between robustness of policies and their performance. Hence, under uncertainty, ...