Monetary Policy: An Imperfect Knowledge Perspective

The 26th EABCN training school will be a three days course on 'Monetary Policy:  An Imperfect Knowledge Perspective' taught by Professor Bruce Preston (University of Melbourne). Using a New Keynesian model with learning dynamics, this course builds an analytical framework for monetary policy evaluation that is consistent with the pervasive evidence of low-frequency variation in macroeconomic data. The consequences of such belief structures for monetary policy design are explored.