Search: monetary policy
RBA Glossary definition for monetary policy
monetary policy – monetary policy involves using interest rates to influence aggregate demand, employment and inflation in the economy.
Search Results
Monetary Policy-making in the Presence of Knightian Uncertainty
1 Dec 2000
RDP
2000-10
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2000/2000-10.html
Monetary Policy-Making in the Presence of Knightian Uncertainty
1 Dec 2000
RDP
2000-10
Research Discussion Paper – RDP 2000-10 Monetary Policy-Making in the Presence of Knightian Uncertainty. ... Adam Cagliarini and Alexandra Heath. December 2000. 298. KB. An earlier version of this paper was presented at the Reserve Bank of New Zealand
https://www.rba.gov.au/publications/rdp/2000/2000-10/
Implications for Monetary Policy
31 Dec 2000
RDP
2000-10
RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty 5. ... In this section we discuss the applicability of these two specifications to the monetary policy decision-making environment.
https://www.rba.gov.au/publications/rdp/2000/2000-10/implications-for-monetary-policy.html
Risk versus Uncertainty
31 Dec 2000
RDP
2000-10
RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty 3. ... Two ways of relaxing the assumptions underlying expected utility theory to allow for Knightian uncertainty are discussed in the next section and the implications for the
https://www.rba.gov.au/publications/rdp/2000/2000-10/risk-versus-uncertainty.html
References
31 Dec 2000
RDP
2000-10
RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty References. ... Söderström U (1999), ‘Monetary Policy with Uncertain Parameters’, Sveriges Riksbank Working Paper No 83.
https://www.rba.gov.au/publications/rdp/2000/2000-10/references.html
Introduction
31 Dec 2000
RDP
2000-10
RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty 1. ... However, models of optimal monetary policy behaviour tend to generate much more volatile paths of interest rates, in which policy reversals are frequent.
https://www.rba.gov.au/publications/rdp/2000/2000-10/introduction.html
The Current Literature
31 Dec 2000
RDP
2000-10
RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty 2. ... Using these assumptions, the monetary policy decision-maker's problem can be written more formally as:.
https://www.rba.gov.au/publications/rdp/2000/2000-10/current-literature.html
Conclusions and Further Research
31 Dec 2000
RDP
2000-10
RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty 7. ... decisions. This formalisation provides monetary policy decision-makers with a range of possibly optimal interest rates which, when combined with intuitively appealing
https://www.rba.gov.au/publications/rdp/2000/2000-10/conclusions-and-further-research.html
Knightian Uncertainty and Expected Utility Theory
31 Dec 2000
RDP
2000-10
RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty 4. ... For monetary policy decision-making, this is similar to minimising the maximum expected loss.
https://www.rba.gov.au/publications/rdp/2000/2000-10/knightian-uncertainty-and-expected-utility-theory.html
The Optimal Control Problem with Bewley Preferences
31 Dec 2000
RDP
2000-10
RDP 2000-10: Monetary Policy-Making in the Presence of Knightian Uncertainty 6. ... In the general model presented in Section 2, the monetary policy decision-maker chooses interest rates to minimise the loss function in Equation (1).
https://www.rba.gov.au/publications/rdp/2000/2000-10/optimal-control-problem-with-bewley-preferences.html