Search Results for optimal monetary policy

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The evidence on the inflation impact of aging is mixed, and there is no evidence regarding the...

The form of bounded rationality characterizing the representative agent is key in the choice of...

The large recession that followed the Global Financial Crisis of 2008-09 triggered unprecedented...

In an estimated two-sector New-Keynesian model with durable and nondurable goods, an ...

This paper describes the CNB’s experience implementing an inflation-forecast targeting (IFT)...

In this paper I study the effect of imperfect central bank commitment on inflationary outcomes. I...