Robust European monetary policy rules

被引:2
|
作者
Sahuc, JG [1 ]
机构
[1] Banque France, Ctr Rech, F-75049 Paris, France
关键词
D O I
10.1080/13504850310001635212
中图分类号
F [经济];
学科分类号
02 ;
摘要
This note applies H-infinity methods to an estimated hybrid monetary policy model and derives standard and robust optimal interest rate rules. We find that the 'robust' central banker responds more aggressively than it does without concerns for robustness and that the responses of the state variables in this case are not necessarily always stronger than the standard ones.
引用
收藏
页码:889 / 894
页数:6
相关论文
共 50 条