| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14510 |
| 来源ID | Working Paper 14510 |
| Monetary Policy Trade-Offs in an Estimated Open-Economy DSGE Model | |
| Malin Adolfson; Stefan Laséen; Jesper Lindé; Lars E.O. Svensson | |
| 发表日期 | 2008-11-21 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This paper studies the transmission of shocks and the trade-offs between stabilizing CPI inflation and alternative measures of the output gap in Ramses, the Riksbank's empirical dynamic stochastic general equilibrium (DSGE) model of a small open economy. The main results are, first, that the transmission of shocks depends substantially on the conduct of monetary policy, and second, that the trade-off between stabilizing CPI inflation and the output gap strongly depends on which concept of potential output in the output gap between output and potential output is used in the loss function. If potential output is defined as a smooth trend this trade-off is much more pronounced compared to the case when potential output is defined as the output level that would prevail if prices and wages were flexible. |
| 主题 | Macroeconomics ; Monetary Policy ; International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w14510 |
| 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/572185 |
| 推荐引用方式 GB/T 7714 | Malin Adolfson,Stefan Laséen,Jesper Lindé,et al. Monetary Policy Trade-Offs in an Estimated Open-Economy 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 | ||
| w14510.pdf（405KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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