Robust Monetary Policy Under Uncertainty About the Lower Bound

Robust Monetary Policy Under Uncertainty About the Lower Bound

Central banks face uncertainty about the true location of the effective lower bound (ELB) on nominal interest rates. We model optimal discretionary monetary policy during a liquidity trap when the central bank designs policy that is robust with respect to the location of the ELB. If the central b...

Descripció completa

Guardat en:
Dades bibliogràfiques
Publicat a:MAGKS - Joint Discussion Paper Series in Economics (Band 14-2019)
Autor principal: Tillmann, Peter
Format: Article
Idioma:anglès
Publicat: Philipps-Universität Marburg 2019
Matèries:
Wirtschaft
uncer- tainty
optimal monetary policy
discretion
liquidity trap
robust control
Economics
Accés en línia:PDF a text complet
Etiquetes: Afegir etiqueta
Sense etiquetes, Sigues el primer a etiquetar aquest registre!
MAGKS - Joint Discussion Paper Series in Economics

Ítems similars