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Author
Carrasco A., Camilo, 1941- (1)Evans, George W. (1)Honkapohja, Seppo, 1951- (1)Orphanides, Athanasios 1965- (1)Williamson, John (1)
Subject
BANCOS CENTRALES (3)
POLÍTICA MONETARIA (3)
BANCO CENTRAL DE CHILE (1)BANCO CENTRAL EUROPEO (1)BANCO DE INGLATERRA (1)... View More
Date Issued
2009 (3)
Document Type
Artículo (3)
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Imperfect knowledge and the pitfalls of optimal control monetary policy 

Author
Orphanides, Athanasios 1965-; Williamson, John
Date
Banco Central de Chile, 2009
Subject
POLÍTICA MONETARIA; BANCOS CENTRALES
Sixty years ago, Milton Friedman questioned the usefulness of the optimal control approach because of policymakers’ imperfect knowledge of the economy and favored instead a simple rule approach to monetary policy (1947, 1948). These are still live issues, despite the development of powerful techniques ...
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Expectations, learning and monetary policy: an overview of recent research 

Author
Evans, George W.; Honkapohja, Seppo, 1951-
Date
Banco Central de Chile, 2009
Subject
POLÍTICA MONETARIA; TASAS DE INTERÉS; BANCOS CENTRALES; PRONÓSTICO DE LA ECONOMÍA; BANCO DE INGLATERRA; BANCO CENTRAL EUROPEO
The conduct of monetary policy in terms of interest rate or other rules has been extensively studied in recent research. This literature gives a central role to forecasts of future inflation and output, and the question of whether monetary policy should be forward- ooking has been subject to discussion ...
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Resumen de políticas e instrumentos monetarios cambiarios 1925-1964 

Author
Carrasco A., Camilo, 1941-
Date
Banco Central de Chile, 2009
Subject
BANCO CENTRAL DE CHILE; BANCOS CENTRALES; POLÍTICA MONETARIA
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