Central bank transparency about model uncertainty and wage setters

Eleftherios Spyromitros and Li Qin ()
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Li Qin: Louis Pasteur University , Strasbourg, BETA

Economics Bulletin, 2006, vol. 5, issue 18, 1-5

Abstract: This paper addresses the issue of monetary policy transparency in a context of model uncertainty by adapting the robust control approach. We find that even if the desire of robustness induces an aggressive response of union and central bank, the central bank should reveal its preference about model robustness.

Keywords: central; bank; transparency (search for similar items in EconPapers)
JEL-codes: E5 (search for similar items in EconPapers)
Date: 2006-11-02
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Working Paper: Central bank transparency about model uncertainty and wage setters (2008)
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