Monetary Policy Under Uncertainty Historical Origins Theoretical Foundations And Empirical Evidence 1st Edition Oliver Sauter Auth by Oliver Sauter (auth.) 9783658049737, 9783658049744, 3658049731, 365804974X instant download after payment.

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.