期刊名称:Business Review - Federal Reserve Bank of Philadelphia
印刷版ISSN:0007-7011
出版年度:2012
卷号:2012
出版社:Federal Reserve Bank of Philadelphia
摘要:Awell-designed monetary policy can help the
economy respond efficiently to economic
disturbances by limiting the deviation of
economic activity from its potential while
keeping inflation close to its desired rate. But successful
implementation of such strategies must confront
significant challenges arising from various forms of
economic uncertainty. In this article, Michael Dotsey
and Charles Plosser discuss the design of monetary
policy rules in an environment in which policymakers
face two distinct forms of uncertainty: the uncertainty
surrounding the precise values of key policy variables that
often appear as determinants in such rules, and learning
uncertainty, which arises when people have only an
incomplete knowledge of the economy itself.