• Model Selection for Monetary Policy Analysis – Importance of Empirical Validity 

      Akram, Q. Farooq; Nymoen, Ragnar (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 

      Akram, Q. Farooq; Ben-Haim, Yakov; Eitrheim, Øyvind (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, ...