LAUSR

Optimal Taylor rules when targets are uncertain

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1 Published in 2019 at "European Economic Review"

DOI: 10.1016/j.euroecorev.2019.07.013

Abstract: We analyze the optimal Taylor rule in the standard New Keynesian model when output and inflation are imperfectly observed. When the central bank observes inflation and the output gap with error, the optimal Taylor rule… read more here.

Keywords: optimal taylor; inflation; taylor rules; output ... See more keywords