Insurance Policies for Monetary Policy in the Euro Area
نویسندگان
چکیده
منابع مشابه
Insurance Policies for Monetary Policy in the Euro Area
Insurance Policies for Monetary Policy in the Euro Area* In this paper, we examine the cost of insurance against model uncertainty for the euro area considering four alternative reference models, all of which are used for policy analysis at the ECB. We find that maximal insurance across this model range in terms of a Minimax policy comes at moderate costs in terms of lower expected performance....
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ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2010
ISSN: 1542-4766
DOI: 10.1111/j.1542-4774.2010.tb00543.x