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Article Dans Une Revue Economics Bulletin Année : 2008

Central bank transparency about model uncertainty and wage setters

Résumé

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.
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Dates et versions

hal-00279193 , version 1 (14-05-2008)

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  • HAL Id : hal-00279193 , version 1

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Li Qin, Eleftherios Spyromitros. Central bank transparency about model uncertainty and wage setters. Economics Bulletin, 2008, 5 (18), pp.1-5. ⟨hal-00279193⟩
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