tag:blogger.com,1999:blog-5908830827135060852.post4447280891109502021..comments2024-03-29T02:54:56.523-04:00Comments on Bond Economics: Central Bank Objective FunctionsBrian Romanchukhttp://www.blogger.com/profile/02699198289421951151noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5908830827135060852.post-81481878077562173612020-03-19T05:07:08.489-04:002020-03-19T05:07:08.489-04:00This comment has been removed by a blog administrator.hijaz shaikhhttps://www.blogger.com/profile/01222720829597262833noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-2226599510648098882020-02-17T08:57:46.328-05:002020-02-17T08:57:46.328-05:00Thanks for the feedback. I have to run, but I adju...Thanks for the feedback. I have to run, but I adjusted my article text slightly to account for the BoC work. From a technical perspective, robust control looks at stabilising entire families of models and not just ones chosen by the modeler, but the BoC work should be a strong step in the right direction. Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-59279674700873537362020-02-16T21:38:23.429-05:002020-02-16T21:38:23.429-05:00Thanks Brian. Interesting read.
By the way: One w...Thanks Brian. Interesting read.<br /><br />By the way: One way to think about "model error" is to try to find a monetary policy rule that works reasonably well (even if not optimally) in a variety of different economic models. Looking for "robustness". The Bank of Canada did some experiments like that, a few years ago.Nick Rowehttps://www.blogger.com/profile/04982579343160429422noreply@blogger.com