Monetary policy as a source of uncertainty
Résumé
This paper proposes a model in which control variations induce an increase in the uncertainty of the system. The aim of our paper is to provide a stochastic theoretical model that can be used to explain under which uncertainty conditions monetary policy rules should be less or more aggressive, or, simply, applied or not.
Origine : Fichiers produits par l'(les) auteur(s)
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