Optimal monetary policy under uncertainty in DSGE models : a Markov jump-linear-quadratic approach /
We study the design of optimal monetary policy under uncertainty in a dynamic stochastic general equilibrium models. We use a Markov jump-linear-quadratic (MJLQ) approach to study policy design, approximating the uncertainty by different discrete modes in a Markov chain, and by taking mode-dependent...
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| Format: | Book |
| Language: | English |
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Cambridge, Mass. :
National Bureau of Economic Research,
c2008
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| Series: | Working paper series (National Bureau of Economic Research) ;
working paper no. 13892 |
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Internet
This item is not available through BorrowDirect. Please contact your institution’s interlibrary loan office for further assistance.Massachusetts Institute of Technology
| Call Number: |
H11.N27534 no.13892 |
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