Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - 2008
We show how to construct optimal policy projections in Ramses, the Riksbank’s openeconomy medium-sized DSGE model for … forecasting and policy analysis. Bayesian estimation of the parameters of the model indicates that they are relatively invariant … to alternative policy assumptions and supports that the model may be regarded as structural in a stable low inflation …