demanding monetary strategy, in terms of lower tolerance for output and inflation gaps, entails less robustness against … leads to a smaller loss of robustness than taking into account the effect of financial imbalances on the economy. However … including financial imbalances in the monetary policy objective does not necessarily increase policy robustness, and may even …

risk measures for portfolios with infrequently traded securities have not been explored in the literature. We propose a … methodology to calculate market risk measures based on the Kalman filter which can be used on incomplete datasets. We implement … applied to other markets with thinly traded securities. Our methodology provides reliable market risk measures in portfolios …