Söderström, Ulf; Söderlind, Paul; Vredin, Anders - In: Scandinavian Journal of Economics 107 (2005) 3, pp. 521-546
Using an empirical New-Keynesian model with optimal discretionary monetary policy, we estimate key parameters-the central bank's preference parameters; the degree of forward-looking behavior in the determination of inflation and output; and the variances of inflation and output shocks-to match...