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
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Acceso en línea:https://hdl.handle.net/20.500.12580/3721
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