| Literature DB >> 35493762 |
P Battigalli1, S Cerreia-Vioglio1, F Maccheroni1, M Marinacci1, T Sargent2.
Abstract
This paper provides a general framework for analyzing self-confirming policies. We study self-confirming equilibria in recurrent decision problems with incomplete information about the true stochastic model. We characterize stationary monetary policies in a linear-quadratic setting.Entities:
Keywords: Monetary policy; Partial identification; Self-confirming equilibrium
Year: 2022 PMID： 35493762 PMCID： PMC8995299 DOI： 10.1007/s11238-021-09862-9
Source DB: PubMed Journal: Theory Decis ISSN： 0040-5833