FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125389107> ?p ?o ?g. }

• W3125389107 abstract "This paper explores Knightian model uncertainty as a possible explanation of the considerable difference between estimated interest rate rules and optimal feedback descriptions of monetary policy. We focus on two types of uncertainty: (i) unstructured model uncertainty reflected in additive shock error processes that result from omitted-variable misspecifications, and (ii) structured model uncertainty, where one or more parameters are identified as the source of misspecification. For an estimated forward-looking model of the U.S. economy, we find that rules that are robust against uncertainty, the nature of which is unspecifiable, or against one-time parametric shifts, are more aggressive than the optimal linear quadratic rule. However, policies designed to protect the economy against the worst-case consequences of misspecified dynamics are less aggressive and turn out to be good approximations of the estimated rule. A possible drawback of such policies is that the losses incurred from protecting against worst-case scenarios are concentrated among the same business cycle frequencies that normally occupy the attention of policymakers." @default.
• W3125389107 created "2021-02-01" @default.
• W3125389107 creator A5056915885 @default.
• W3125389107 creator A5062147158 @default.
• W3125389107 date "2000-01-01" @default.
• W3125389107 modified "2023-09-27" @default.
• W3125389107 title "Robust Monetary Policy With Misspecified Models: Does Model Uncertainty Always Call For Attenuated Policy?" @default.
• W3125389107 cites W1493519348 @default.
• W3125389107 cites W1494612504 @default.
• W3125389107 cites W1518970509 @default.
• W3125389107 cites W1565601018 @default.
• W3125389107 cites W1607185174 @default.
• W3125389107 cites W1968315580 @default.
• W3125389107 cites W1976369296 @default.
• W3125389107 cites W1980922018 @default.
• W3125389107 cites W1998979699 @default.
• W3125389107 cites W2001432227 @default.
• W3125389107 cites W2002089403 @default.
• W3125389107 cites W2014790198 @default.
• W3125389107 cites W2032638353 @default.
• W3125389107 cites W2040691865 @default.
• W3125389107 cites W2042106612 @default.
• W3125389107 cites W2053808221 @default.
• W3125389107 cites W2087494183 @default.
• W3125389107 cites W2088242914 @default.
• W3125389107 cites W2090148352 @default.
• W3125389107 cites W2106929622 @default.
• W3125389107 cites W2117178635 @default.
• W3125389107 cites W2133534913 @default.
• W3125389107 cites W2136784228 @default.
• W3125389107 cites W2140898820 @default.
• W3125389107 cites W2147074014 @default.
• W3125389107 cites W2152893593 @default.
• W3125389107 cites W2155676618 @default.
• W3125389107 cites W2498694880 @default.
• W3125389107 cites W2892347462 @default.
• W3125389107 cites W3020861401 @default.
• W3125389107 cites W3022962250 @default.
• W3125389107 cites W3122079519 @default.
• W3125389107 cites W4210365901 @default.
• W3125389107 cites W4247765758 @default.
• W3125389107 doi "https://doi.org/10.2139/ssrn.231976" @default.
• W3125389107 hasPublicationYear "2000" @default.
• W3125389107 type Work @default.
• W3125389107 sameAs 3125389107 @default.
• W3125389107 citedByCount "0" @default.
• W3125389107 crossrefType "journal-article" @default.
• W3125389107 hasAuthorship W3125389107A5056915885 @default.
• W3125389107 hasAuthorship W3125389107A5062147158 @default.
• W3125389107 hasBestOaLocation W31253891072 @default.
• W3125389107 hasConcept C105795698 @default.
• W3125389107 hasConcept C117251300 @default.
• W3125389107 hasConcept C121332964 @default.
• W3125389107 hasConcept C126285488 @default.
• W3125389107 hasConcept C126322002 @default.
• W3125389107 hasConcept C129844170 @default.
• W3125389107 hasConcept C139719470 @default.
• W3125389107 hasConcept C149782125 @default.
• W3125389107 hasConcept C162324750 @default.
• W3125389107 hasConcept C175025494 @default.
• W3125389107 hasConcept C199360897 @default.
• W3125389107 hasConcept C200941418 @default.
• W3125389107 hasConcept C2524010 @default.
• W3125389107 hasConcept C2779652836 @default.
• W3125389107 hasConcept C2780522230 @default.
• W3125389107 hasConcept C2781300812 @default.
• W3125389107 hasConcept C33332235 @default.
• W3125389107 hasConcept C33923547 @default.
• W3125389107 hasConcept C41008148 @default.
• W3125389107 hasConcept C71924100 @default.
• W3125389107 hasConcept C83873408 @default.
• W3125389107 hasConceptScore W3125389107C105795698 @default.
• W3125389107 hasConceptScore W3125389107C117251300 @default.
• W3125389107 hasConceptScore W3125389107C121332964 @default.
• W3125389107 hasConceptScore W3125389107C126285488 @default.
• W3125389107 hasConceptScore W3125389107C126322002 @default.
• W3125389107 hasConceptScore W3125389107C129844170 @default.
• W3125389107 hasConceptScore W3125389107C139719470 @default.
• W3125389107 hasConceptScore W3125389107C149782125 @default.
• W3125389107 hasConceptScore W3125389107C162324750 @default.
• W3125389107 hasConceptScore W3125389107C175025494 @default.
• W3125389107 hasConceptScore W3125389107C199360897 @default.
• W3125389107 hasConceptScore W3125389107C200941418 @default.
• W3125389107 hasConceptScore W3125389107C2524010 @default.
• W3125389107 hasConceptScore W3125389107C2779652836 @default.
• W3125389107 hasConceptScore W3125389107C2780522230 @default.
• W3125389107 hasConceptScore W3125389107C2781300812 @default.
• W3125389107 hasConceptScore W3125389107C33332235 @default.
• W3125389107 hasConceptScore W3125389107C33923547 @default.
• W3125389107 hasConceptScore W3125389107C41008148 @default.
• W3125389107 hasConceptScore W3125389107C71924100 @default.
• W3125389107 hasConceptScore W3125389107C83873408 @default.
• W3125389107 hasLocation W31253891071 @default.
• W3125389107 hasLocation W31253891072 @default.
• W3125389107 hasLocation W31253891073 @default.
• W3125389107 hasOpenAccess W3125389107 @default.
• W3125389107 hasPrimaryLocation W31253891071 @default.
• W3125389107 hasRelatedWork W1515189488 @default.
• W3125389107 hasRelatedWork W1585765444 @default.
• W3125389107 hasRelatedWork W1784818867 @default.

• next