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Inflation versus Price-Level Targeting : Bayesian Estimation of a Small Open DSGE Model for Switzerland

Heim, Lukas - 2015

Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded...

Persistent link: https://www.econbiz.de/10012819094

Great expectations and the end of the depression

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Labour markets and firm-specific capital in New Keynesian general equilibrium models

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Robust monetary policy in the new Keynesian framework

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The price puzzle revisited : can the cost channel explain a rise in inflation after a monetary policy shock?

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Aggregate shock and monetary policy regimes

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Do asymmetric central bank preferences help explain observed inflation outcomes?

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Central Bank transparency in theory and practice

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