Catholic University of Leuven

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  • White Papers // Jan 2011

    Optimal Monetary Policy Rules For The Euro Area In A DSGE Framework

    This paper evaluates optimal monetary policy rules within the context of a dynamic stochastic general equilibrium model estimated for the Euro Area. Under assumption of an ad hoc loss function for the central bank, the authors compute the unconditional losses both under discretion and commitment. They compare the performance of...

    Provided By Catholic University of Leuven

  • White Papers // Jan 2011

    Optimal Monetary Policy Rules For The Euro Area In A DSGE Framework

    This paper evaluates optimal monetary policy rules within the context of a dynamic stochastic general equilibrium model estimated for the Euro Area. Under assumption of an ad hoc loss function for the central bank, the authors compute the unconditional losses both under discretion and commitment. They compare the performance of...

    Provided By Catholic University of Leuven