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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Bibliographic Details
Main Authors: Schmitt-Grohé, Stephanie, Uribe, Martín
Format: Artículo
Language:eng
Published: Banco Central de Chile 2019
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Online Access:https://hdl.handle.net/20.500.12580/3721
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