Monetary Policy Committees and Model Uncertainty

Monetary Policy Committees and Model Uncertainty

We introduce heterogeneity into a monetary policy committee by allowing the degree of model uncertainty to differ across members. It is shown that in this framework the stage at which members reach consensus matters. An aggregation protocol under which members only average policy deemed optimal from...

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Pubblicato in:MAGKS - Joint Discussion Paper Series in Economics (Band 21-2010)
Autore principale: Tillmann, Peter
Natura: Arbeit
Lingua:inglese
Pubblicazione: Philipps-Universität Marburg 2010
Soggetti:
Monetary Policy Committee, Optimal Monetary Policy
Model Uncertainty
Wirtschaft
Robustness
Economics
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Collocazione: urn:nbn:de:hebis:04-es2024-00519
Data di pubblicazione: 2024-01-02
Downloads: 19 (2024)
Lizenz: https://creativecommons.org/publicdomain/mark/1.0
URL di accesso: https://archiv.ub.uni-marburg.de/es/2024/0051
https://doi.org/10.17192/es2024.0051

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