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Implementing Uncertainty into Monetary Models

  • Oliver Sauter
Chapter

Abstract

The previous chapter has enlightened the notion of uncertainty – which is actually risk – and has given some very common and illustrative examples of the consequences of uncertainty and the implications to monetary policy in general. Especially for the cases of additive, parametric, and data uncertainty, this has been shown. However, this has been done without making use of any kind of macro model, but in a rather simple equation context.

Keywords

Interest Rate Monetary Policy Central Bank Parametric Uncertainty Policy Rule 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Fachmedien Wiesbaden 2014

Authors and Affiliations

  1. 1.Institut für Volkswirtschaftlehre Lehrstuhl für Wirtschaftspolitik 520aUniversität HohenheimStuttgartGermany

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