| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14902 |
| 来源ID | Working Paper 14902 |
| Anticipated Alternative Instrument-Rate Paths in Policy Simulations | |
| Stefan Laséen; Lars E.O. Svensson | |
| 发表日期 | 2009-04-16 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper specifies a new convenient algorithm to construct policy projections conditional on alternative anticipated policy-rate paths in linearized dynamic stochastic general equilibrium (DSGE) models, such as Ramses, the Riksbank's main DSGE model. Such projections with anticipated policy-rate paths correspond to situations where the central bank transparently announces that it, conditional on current information, plans to implement a particular policy-rate path and where this announced plan for the policy rate is believed and then anticipated by the private sector. The main idea of the algorithm is to include among the predetermined variables (the "state" of the economy) the vector of nonzero means of future shocks to a given policy rule that is required to satisfy the given anticipated policy-rate path. |
| 主题 | Macroeconomics ; Monetary Policy |
| URL | https://www.nber.org/papers/w14902 |
| 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/572578 |
| 推荐引用方式 GB/T 7714 | Stefan Laséen,Lars E.O. Svensson. Anticipated Alternative Instrument-Rate Paths in Policy Simulations. 2009. |
| 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 | ||
| w14902.pdf（355KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
