文章基本信息

标题：Robust versus Optimal Rules in Monetary Policy: A note
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作者：Maria Demertzis ; Alexander F.Tieman
期刊名称：DNB Staff Reports
出版年度：2003
卷号：1
出版社：Nederlandsche Bank
摘要：We provide a framework for analysing the choice between optimal and robust rules in the presence of paradigm uncertainty in monetary policy. We thus provide for two issues: …rst, we discuss the conditions of uncertainty that render a robust rule a preferable substitute to optimal rules and second, we show how the degree of risk aversion increases the desirability of robust rules.
关键词：Model Uncertainty, Monetary Policy, Optimal Policy Rules.