Rustem, Berc; Wieland, Volker; Zakovic, Stan - Center for Financial Studies - 2005
-style rules for monetary policy using a small model estimated for the euro area by Orphanides and Wieland (2000). We find that …
No. 2005/14
Stochastic Optimization and Worst-Case Analysis
in Monetary Policy Design
Berc Rustem … Monetary Policy Design*
Berc Rustem
1
, Volker Wieland
2
, and Stan Zakovic
3
March 15, 2005
Abstract:
In this …