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https://hdl.handle.net/10419/19498
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Kugler, Peter | en |
dc.contributor.author | Jordan, Thomas J. | en |
dc.contributor.author | Lenz, Carlos | en |
dc.contributor.author | Savioz, Marcel R. | en |
dc.date.accessioned | 2009-01-28T15:58:59Z | - |
dc.date.available | 2009-01-28T15:58:59Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19498 | - |
dc.description.abstract | This paper analyzes forward-looking rules for Swiss monetary policy in a small structural VAR consisting of four variables. First, the paper looks at the ex ante inflation-output-growth volatility trade-off for a forward-looking policy aiming at a convex combination of a strict inflation and output growth targeting rule implied by this SVAR model. Thereby the paper introduces a new analytical method. Second, the paper considers the effect of measurement errors in GDP on this inflation-output-growth volatility trade-off. Third, the paper works at the impact of changing beliefs about the potential growth rate on the variability of output growth and inflation. Finally the effects of different targets in a forward-looking monetary policy on ex post or unconditional volatility of inflation and output growth is explored by a simulation exercise. | en |
dc.language.iso | eng | en |
dc.publisher | |aDeutsche Bundesbank |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aDiscussion Paper Series 1 |x2004,31 | en |
dc.subject.jel | E53 | en |
dc.subject.jel | E52 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Structural VAR | en |
dc.subject.keyword | forward-looking monetary policy | en |
dc.subject.keyword | efficiency frontier | en |
dc.subject.keyword | GDP measurement errors | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Sozialprodukt | en |
dc.subject.stw | Statistischer Fehler | en |
dc.subject.stw | VAR-Modell | en |
dc.subject.stw | Schweiz | en |
dc.title | Measurement errors in GDP and forward-looking monetary policy: The Swiss case | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 473006936 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bubdp1:2297 | en |
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