Parameter Instability, Model Uncertainty and the Choice of Monetary Policy

Parameter Instability, Model Uncertainty and the Choice of Monetary Policy
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Total Pages : 30
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ISBN-10 : OCLC:254136651
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Rating : 4/5 (51 Downloads)

Book Synopsis Parameter Instability, Model Uncertainty and the Choice of Monetary Policy by : Carlo A. Favero

Download or read book Parameter Instability, Model Uncertainty and the Choice of Monetary Policy written by Carlo A. Favero and published by . This book was released on 2005 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:


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Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We sho