| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14092 |
| 来源ID | Working Paper 14092 |
| Optimal Monetary Policy in an Operational Medium-Sized DSGE Model | |
| Malin Adolfson; Stefan Laséen; Jesper Lindé; Lars E.O. Svensson | |
| 发表日期 | 2008-06-19 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We show how to construct optimal policy projections in Ramses, the Riksbank's open-economy medium-sized DSGE model for forecasting and policy analysis. Bayesian estimation of the parameters of the model indicates that they are relatively invariant to alternative policy assumptions and supports our view that the model parameters may be regarded as unaffected by the monetary policy specification. We discuss how monetary policy, and in particular the choice of output gap measure, affects the transmission of shocks. Finally, we use the model to assess the recent Great Recession in the world economy and how its impact on the economic development in Sweden depends on the conduct of monetary policy. This provides an illustration on how Rames incorporates large international spillover effects. |
| 主题 | Macroeconomics ; Monetary Policy ; International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w14092 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571768 |
| 推荐引用方式 GB/T 7714 | Malin Adolfson,Stefan Laséen,Jesper Lindé,et al. Optimal Monetary Policy in an Operational Medium-Sized DSGE Model. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14092.pdf（509KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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