Monetary Economics

  • Yakov Ben-Haim, 2006, Info-gap Decision Theory: Decisions Under Severe Uncertainty, 2nd edition, Academic Press, London.
    Chapter 3: Robustness and Opportuneness.
    … Section 3.2.8: Monetary policy.
  • Yakov Ben-Haim, 2010, Info-Gap Economics: An Operational Introduction, Palgrave. Description and endorsements.
    Chapter 3: Monetary Policy
    3.1 Taylor Rule for Interest Rates
    3.2 Expectations, Communication and Credibility
    3.3 Shocks, Expectations and Credibility
    3.4 Credibility and Interacting Agents
  • Yakov Ben-Haim, Maria Demertzis and Jan Willem van den End, 2018, Evaluating monetary policy rules under fundamental uncertainty: an info-gap approach, Economic Modelling, 73: 55-70. Abstract. Click here for free download before 31 August 2018.
  • Yakov Ben-Haim, Maria Demertzis and Jan Willem van den End, 2017, Fundamental uncertainty and unconventional monetary policy: An info-gap approach, DNB Working Paper 544, February 2017,  Click here for paper. The SSRN link. The Bruegel link.
  • Yakov Ben-Haim and Maria Demertzis, 2016, Decision making in times of uncertainty: An info-gap perspective,  Economics, The Open-Access, Open Assessment e-journal. On-line version.
  • Y. Ben-Haim, Akram, Q.F., and O. Eitrheim, 2007, Monetary policy under uncertainty: Min-max vs robust-satisficing strategies.
  • Akram, Q.F., Y. Ben-Haim, and O. Eitrheim, 2006, Managing uncertainty through robust-satisficing monetary policy. Working paper ANO 2006/10. Oslo: Norges Bank. pdf file on the Norges Bank website.
  • Ben-Haim, Yakov and Maria Demertzis    , 2008, Confidence in Monetary Policy, De Nederlandsche Bank Working Paper Series, No.192/2008. pdf file on DNB website.
  • Yakov Ben-Haim, Info-gap robust-satisficing monetary policy: Modelling and managing ignorance, working paper. pdf file