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Eleftherios SPYROMITROS and Li QIN
''Central bank transparency about model uncertainty and wage setters''
( 2006, Vol. 5 No.18 )
This paper addresses the issue of monetary policy transparency in a context of model uncertainty by adapting the robust control approach. We find that even if the desire of robustness induces an aggressive response of union and central bank, the central bank should reveal its preference about model robustness.
Keywords: central bank transparency
JEL: E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Manuscript Received : Nov 02 2006 Manuscript Accepted : Nov 02 2006

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