Is Price Level Targeting a Robust Monetary Rule?
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- Szabolcs Deak & Paul Levine & Afrasiab Mirza & Joseph Pearlman, 2020. "Is Price Level Targeting a Robust Monetary Rule?," Discussion Papers 20-27, Department of Economics, University of Birmingham.
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More about this item
Keywords
Bayesian estimation; DSGE models; financial frictions; forecasting; prediction pools; optimal simple rules;All these keywords.
JEL classification:
- D18 - Microeconomics - - Household Behavior - - - Consumer Protection
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- Z1 - Other Special Topics - - Cultural Economics
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CWA-2021-08-16 (Central and Western Asia)
- NEP-DGE-2021-08-16 (Dynamic General Equilibrium)
- NEP-ISF-2021-08-16 (Islamic Finance)
- NEP-MON-2021-08-16 (Monetary Economics)
- NEP-ORE-2021-08-16 (Operations Research)
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