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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Detaylı Bibliyografya
Yayımlandı:MAGKS - Joint Discussion Paper Series in Economics (Band 21-2010)
Yazar: Tillmann, Peter
Materyal Türü: Arbeit
Dil:İngilizce
Baskı/Yayın Bilgisi: Philipps-Universität Marburg 2010
Konular:
Monetary Policy Committee, Optimal Monetary Policy
Model Uncertainty
Wirtschaft
Robustness
Economics
Online Erişim:PDF Tam Metin
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Detaylı Erişim Bilgileri
Yer Numarası: urn:nbn:de:hebis:04-es2024-00519
Yayın Tarihi: 2024-01-02
Downloads: 19 (2024)
Lizenz: https://creativecommons.org/publicdomain/mark/1.0
Erişim Adresi URL: https://archiv.ub.uni-marburg.de/es/2024/0051
https://doi.org/10.17192/es2024.0051

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