Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/60932 
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dc.contributor.authorCúrdia, Vascoen
dc.contributor.authorFerrero, Andreaen
dc.contributor.authorCee Ng, Gingen
dc.contributor.authorTambalotti, Andreaen
dc.date.accessioned2011-08-29-
dc.date.accessioned2012-08-17T14:37:45Z-
dc.date.available2012-08-17T14:37:45Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/60932-
dc.description.abstractThe empirical DSGE (dynamic stochastic general equilibrium) literature pays surprisingly little attention to the behavior of the monetary authority. Alternative policy rule specifications abound, but their relative merit is rarely discussed. We contribute to filling this gap by comparing the fit of a large set of interest rate rules (fifty-five in total), which we estimate within a simple New Keynesian model. We find that specifications in which monetary policy responds to inflation and to deviations of output from its efficient levelen
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen
dc.relation.ispartofseries|aStaff Report |x510en
dc.subject.jelE48en
dc.subject.jelE58en
dc.subject.jelC11en
dc.subject.ddc330en
dc.subject.keywordthe one that would prevail in the absence of distortionsen
dc.titleEvaluating interest rate rules in an estimated DSGE model-
dc.typeWorking Paperen
dc.identifier.ppn667316264en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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