Optimal inflation stabilization in a medium-scale macroeconomic model

What is the optimal monetary policy, and how can the central bank implement it? Both questions have been extensively studied, but always in the context of simple theoretical structures, which by design are limited in their ability to account for actual observed business cycle fluctuations. This arti...

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Autores principales:	Schmitt-Grohé, Stephanie, Uribe, Martín
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	INFLACIÓN MACROECONOMÍA POLÍTICA MONETARIA CICLOS ECONÓMICOS
Acceso en línea:	https://hdl.handle.net/20.500.12580/3721
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spelling	oai-20.500.12580-37212021-04-24T10:59:55Z Optimal inflation stabilization in a medium-scale macroeconomic model Schmitt-Grohé, Stephanie Uribe, Martín INFLACIÓN MACROECONOMÍA POLÍTICA MONETARIA CICLOS ECONÓMICOS What is the optimal monetary policy, and how can the central bank implement it? Both questions have been extensively studied, but always in the context of simple theoretical structures, which by design are limited in their ability to account for actual observed business cycle fluctuations. This article seeks to characterize optimal monetary policy and its implementation using a medium-scale, empirically plausible model of the U.S. business cycle. 2019-11-01T00:03:43Z 2019-11-01T00:03:43Z 2007 Artículo 978-956-7421-28-2 https://hdl.handle.net/20.500.12580/3721 eng Series on Central Banking, Analysis, and Economic Policies, no. 11 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 125-186 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	INFLACIÓN MACROECONOMÍA POLÍTICA MONETARIA CICLOS ECONÓMICOS
spellingShingle	INFLACIÓN MACROECONOMÍA POLÍTICA MONETARIA CICLOS ECONÓMICOS Schmitt-Grohé, Stephanie Uribe, Martín Optimal inflation stabilization in a medium-scale macroeconomic model
description	What is the optimal monetary policy, and how can the central bank implement it? Both questions have been extensively studied, but always in the context of simple theoretical structures, which by design are limited in their ability to account for actual observed business cycle fluctuations. This article seeks to characterize optimal monetary policy and its implementation using a medium-scale, empirically plausible model of the U.S. business cycle.
format	Artículo
author	Schmitt-Grohé, Stephanie Uribe, Martín
author_facet	Schmitt-Grohé, Stephanie Uribe, Martín
author_sort	Schmitt-Grohé, Stephanie
title	Optimal inflation stabilization in a medium-scale macroeconomic model
title_short	Optimal inflation stabilization in a medium-scale macroeconomic model
title_full	Optimal inflation stabilization in a medium-scale macroeconomic model
title_fullStr	Optimal inflation stabilization in a medium-scale macroeconomic model
title_full_unstemmed	Optimal inflation stabilization in a medium-scale macroeconomic model
title_sort	optimal inflation stabilization in a medium-scale macroeconomic model
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3721
work_keys_str_mv	AT schmittgrohestephanie optimalinflationstabilizationinamediumscalemacroeconomicmodel AT uribemartin optimalinflationstabilizationinamediumscalemacroeconomicmodel
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Optimal inflation stabilization in a medium-scale macroeconomic model

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