Description

Book Synopsis
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.

Table of Contents
Historical Origins of Uncertainty in Economic Theory.- Theoretical Foundations of Monetary Policy under Uncertainty.- Empirical Investigations of Market Uncertainty.- Communicated Uncertainty of the European Central Bank.

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

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    A Paperback by Oliver Sauter

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      View other formats and editions of Monetary Policy under Uncertainty: Historical Origins, Theoretical Foundations, and Empirical Evidence by Oliver Sauter

      Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
      Publication Date: 06/02/2014
      ISBN13: 9783658049737, 978-3658049737
      ISBN10: 3658049731
      Also in:
      Business, Finance & Law Economic theory and philosophy Economics Political economy

      Description

      Book Synopsis
      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.

      Table of Contents
      Historical Origins of Uncertainty in Economic Theory.- Theoretical Foundations of Monetary Policy under Uncertainty.- Empirical Investigations of Market Uncertainty.- Communicated Uncertainty of the European Central Bank.

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