Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - In: International Finance 8 (2005) 3, pp. 509-544
This paper uses an estimated open-economy dynamic stochastic general equilibrium model for the euro area to examine if during 1993Q4-2002Q4 constant interest rate forecasts (CIRFs), commonly used by inflation-targeting central banks, are viewed as being in line with the central bank's historical...