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|c 5.00 USD
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|z 9781451851946
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Robust Versus Optimal Rules in Monetary Policy :
|b A Note.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2004.
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|a 1 online resource (10 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We provide a framework for analyzing the choice between optimal and robust monetary policy rules in the presence of paradigm uncertainty. We first discuss the conditions on uncertainty that render a robust rule preferable to an optimal rule. Second, we show how the degree of risk aversion of the policymaker increases the region in which the robust rule is preferred.
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|a Mode of access: Internet
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|a Banks
|2 imf
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|a Central Bank
|2 imf
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|a Depository Institutions
|2 imf
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|a Micro Finance Institutions
|2 imf
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|a WP
|2 imf
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|a IMF Working Papers; Working Paper ;
|v No. 2004/096
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2004/096/001.2004.issue-096-en.xml
|z IMF e-Library
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