Indicator Variables for Optimal Policy Under Asymmetric Information
By Lars E. O. Svensson, Michael Woodford. 2001
175 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/ea3f71ff73e4d8f1c1aeaadc9edc2dff8d23a16e
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Volker Wieland
- Andrew T. Levin
- Edward Nelson
- Guido Lorenzoni
- Guenter Coenen
- Michael Woodford
- Y. Gorodnichenko
- C. Walsh
Citations in the corpus
- Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information (2009, unknown): “Next, notice that to ensure that (34) always holds in equilibrium, for any choice of ξm ∈ R, the following conditions need to be satisfied ξ0 = γκc, (40) ξa = − (φa + γψa) (1− ρ) , (41) μ0 = ψ0, (42) μa = φa + ψa, (43) μθ = φs + φx + ψs + ψx + ψx, (44) μe = φs + ψs.”
- Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy (2005, methodology): “We have also conducted some exploratory analysis under the assumption of asymmetric information regarding aggregate data that is used by Dotsey and Hornstein (2000) and Svensson and Woodford (2001).”
- Optimal Monetary Stabilization Policy (2010, methodology): “6).(66) In this case, computing a solution that is accurate “to first order” means that the optimal equilibrium dynamics πt = π(ξt, .”
- A Theory of Demand Shocks (2009, background): “8See Kosuke Aoki (2003), Athanasios Orphanides (2003), Reis (2003), Lars E.O. Svensson and Woodford (2003, 2005), Andrea Tambalotti (2003).”
- Exogenous Information, Endogenous Information and Optimal Monetary Policy (2014, unknown): “1+Λ−α I(1+Λ)α 2 1+Λ−α I(1+Λ)α ⎤⎥⎥⎥⎥⎥⎥⎥⎦ , (27)”
- The Future of Monetary Aggregates in Monetary Policy Analysis (2003, methodology): “This section lays out the argument, then Section 3.3 demonstrates its potential quantitative importance by applying the optimal-indicator framework of Aoki (2002) and Svensson and Woodford (2002).”
- Central Bank Misperceptions and the Role of Money in Interest Rate Rules (2008, unknown): “An interesting paper by Dotsey and Hornstein (2003) investigates this question in a calibrated model of the U.S. economy under the assumption of asymmetric information as in Svensson and Woodford (2004).”