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Author
Svensson, Lars E. O. (1)
Williams, Noah (1)
Subject
ECONOMÍA KEYNESIANA (1)POLÍTICA MONETARIA (1)... View More
Date Issued
2009 (1)
Document Type
Artículo (1)
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Optimal monetary policy under uncertainty in DSGE models: a markov jump-linear-quadratic approach 

Author
Svensson, Lars E. O.; Williams, Noah
Date
Banco Central de Chile, 2009
Subject
POLÍTICA MONETARIA; ECONOMÍA KEYNESIANA
Our previous work develops methods to study optimal policy in Markov jump-linear-quadratic (MJLQ) models with forward-looking variables: models with conditionally linear dynamics and conditionally quadratic preferences, where the matrices in both preferences and dynamics are random (Svensson and ...
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