Número:
814
Publicado:
Clasificación JEL:
D81, E52, E58
Palabras clave:
Prudence, Robustness, Measurement error, Optimal Monetary Policy
Lo más reciente
Lukas Delgado-Prieto, Andrea Sofía Otero-Cortés, Andrés Calderón
Julián Andrés Parra-Polanía, Carmiña Ofelia Vargas-Riaño
Using a stylized model in which output is measured with error, we derive the optimal policy response to the demand shock signal and to changes in the measurement error volatility from two different perspectives: the minimization of the expected loss (from