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2008•RePEc: Research Papers in EconomicsRequires access

Imperfect Knowledge and the Pitfalls of Optimal Control Monetary Policy

Athanasios Orphanides, John C. Williams

Open publisher page 9 citations

Abstract

Central Bank of Cyprus Working Papers present work in progress by central bank staff and outside contributors. They are intended to stimulate discussion and critical comment. The opinions expressed in the papers do not necessarily reflect the views of the Central Bank of Cyprus or the Eurosystem.

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Central Bank of Cyprus Working Papers present work in progress by central bank staff and outside contributors. They are intended to stimulate discussion and critical comment. The opinions expressed in the papers do not necessarily reflect the views of the Central Bank of Cyprus or the Eurosystem.

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OpenAlex reports 9 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Central Bank of Cyprus Working Papers present work in progress by central bank staff and outside contributors. They are intended to stimulate discussion and critical comment. The opinions expressed in the papers do not necessarily reflect the views of the Central Bank of Cyprus or the Eurosystem.

Key concepts: Robustness (evolution), Imperfect, Monetary policy, Economics, Interest rate, Rational expectations, Natural rate of unemployment, Unemployment

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