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Multiplier uncertainty
In macroeconomics, multiplier uncertainty is lack of perfect knowledge of the multiplier effect of a particular policy action, such as a monetary or…
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Related topics
4 relations
Loss function
Modern portfolio theory
Stochastic control
Uncertainty quantification
Papers overview
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2015
2015
Tilburg University The Nonlinear Phillips Curve and Inflation Forecast Targeting-Symmetric Versus Asymmetric Monetary Policy Rules
Schaling
2015
Corpus ID: 38106279
We extend the Svensson (1997a) inflation forecast targeting framework with a convex Phillips curve. We derive an asymmetric…
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2000
2000
On the effect of an increase in multiplier uncertainty on inflation
H. Wagner
2000
Corpus ID: 153175646
1983
1983
A Note on Two-Stage Monetary Policy under Multiplier Uncertainty
D. W. Mitchell
1983
Corpus ID: 153062453
This note investigates the conditions under which the widely accepted two-stage procedure for monetary policy remains optimal if…
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