Robust monetary policy with the cost channel /

Recent research argues that model uncertainty leads the central bank to adjust interest rates stronger to exogenous disturbances than under certainty. This paper investigates whether the introduction of a cost channel of monetary transmission, whose presence is empirically supported, changes the imp...

Πλήρης περιγραφή

Κύριος συγγραφέας: Tillmann, Peter.
Corporate συγγραφέας: European Commission : Directorate-General for Economic and Financial Affairs.
Μορφή: Βιβλίο
Γλώσσα: English
Στοιχεία έκδοσης: Brussels- Belgium: European Comission: Directorate-General for Economic and Financial Affairs, 2007.
Σειρά: European Economy. Economic papers ; 278.
Διαθέσιμο Online: http://ec.europa.eu/economy_finance/publications/publication_summary10325_en.htm
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