labor services / technology shocks / bank / production technology / aggregate technology / bank loss function / intermediate-good producer / welfare-maximizing central bank / /
Organization
Federal Reserve Bank of San Francisco / Board of Governors of the Federal Reserve System / US Federal Reserve / European Central Bank / Board of Gover / Federal Reserve Board / /
Person
John C. Williams / Bt / Richard Dennis / Chris Sims / Petra Geraats / Andy Levin / Thomas Laubach / Bi / /
Position
estimated micro-founded general equilibrium model of the U.S. economy / intermediate-good producer / relatively simple model of the economy / comprehensive model of the U.S. economy / Rt / gross nominal interest rate Rt / estimated dynamic stochastic general equilibrium model of the U.S. economy / corresponding author / /
Technology
Dixit-Stiglitz technology / 3 2.1 The production technology / production technology / /
Welfare-Maximizing Monetary Policy Under Parameter Uncertainty Rochelle M. Edge, Thomas Laubach, and John C. Williams ∗