Monetary Policy with Model Uncertainty: Distribution Forecast Targeting

84 Pages Posted: 8 Jun 2016

See all articles by Lars E. O. Svensson

Lars E. O. Svensson

Stockholm School of Economics; Stockholm University - Institute for International Economic Studies (IIES); National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Noah Williams

Princeton University - Department of Economics; National Bureau of Economic Research (NBER)

Multiple version iconThere are 3 versions of this paper

Date Written: 2005

Abstract

We examine optimal and other monetary policies in a linear-quadratic setup with a relatively

Keywords: Optimal policy, multiplicative uncertainty

JEL Classification: E52, E42, E58

Suggested Citation

Svensson, Lars E.O. and Williams, Noah, Monetary Policy with Model Uncertainty: Distribution Forecast Targeting (2005). Bundesbank Series 1 Discussion Paper No. 2005,35, Available at SSRN: https://ssrn.com/abstract=2785218 or http://dx.doi.org/10.2139/ssrn.2785218

Lars E.O. Svensson (Contact Author)

Stockholm School of Economics ( email )

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HOME PAGE: http://larseosvensson.se

Stockholm University - Institute for International Economic Studies (IIES) ( email )

Stockholm, SE-10691
Sweden

National Bureau of Economic Research (NBER)

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Centre for Economic Policy Research (CEPR)

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Noah Williams

Princeton University - Department of Economics ( email )

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Princeton, NJ 08544-1021
United States

National Bureau of Economic Research (NBER)

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United States

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