Haavio, Markus; Laine, Olli-Matti - 2021
. Macroeconomic outcomes are measured by the mean levels and the volatility of output (gaps), unemployment and ináation. We present … small, but if the space is larger these rules, while stabilizing ináation, may lead to more volatility in the real economy …We analyze the economic performance of di§erent monetary policy strategies, or rules, in a low interest rate …