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2009
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- handle: 10670/1.dlvrkp
- hal: hal-00422454
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info:eu-repo/semantics/OpenAccess
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André P. Calmon et al., « Monetary policy as a source of uncertainty », HAL-SHS : droit et gestion, ID : 10670/1.dlvrkp
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This paper proposes a model in which control variations induce an increase in the uncertainty of the system. The aim of our paper is to provide a stochastic theoretical model that can be used to explain under which uncertainty conditions monetary policy rules should be less or more aggressive, or, simply, applied or not.