Darracq Paries, Matthieu; Adjemian, Stephane; Moyen, … - 2021
The objective of this paper is to examine the main features of optimal monetary policy within a micro …-founded macroeconometric framework. First, using Bayesian techniques, we estimate a medium scale closed economy DSGE for the euro area. Then … stabilization properties of optimal monetary policy. We also present simple monetary policy rules which can approximate and …