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Robustness of Simple Monetary Policy Rules under Model Uncertainty

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NBER1998-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6570
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In this paper, we investigate the properties of alternative monetary policy rules using four structural macroeconometric models: the Fuhrer-Moore model, Taylor's Multi-Country Model, the MSR model of Orphanides and Wieland, and the FRB staff model. All four models incorporate the assumptions of
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1998-05-01
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