Monetary Policy under Uncertainty: Historical Origins, Theoretical Foundations, and Empirical Evidence

Sauter, Oliver

Oliver Sauter analyzes three aspects of monetary policy under uncertainty. First he shows that the terms risk and uncertainty are often wrongly used as synonyms despite their different meanings. The second aspect is the proper examination and incorporation of uncertainty into a monetary policy framework. The author undertakes systematization with a closer look at each identified form of uncertainty. Thirdly, he focuses on the quantification of uncertainty from two different perspectives, either from a market perspective or from a central bank perspective.

Details

Published by: Springer Gabler

Publication Date: 2014-02-06

Format: Paperback

ISBN-13: 9783658049737

DOI: 10.1007/978-3-658-04974-4

Dimensions: 210cm x148cm

Pages: 221