Kantur, Z.Özcan, G.2019-02-212019-02-2120180165-1765http://hdl.handle.net/11693/49866This paper studies how asset price model misspecification affects the conduct of monetary policy under commitment in a New Keynesian model using robust control techniques. We find that monetary policy reacts aggressively to both asset price and inflation shocks to guard herself against worst-case outcome.EnglishAsset priceModel uncertaintyOptimal monetary policyRobust controlArticle10.1016/j.econlet.2018.09.0191873-7374