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Optimal Policy Projections

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NBER2005-06-01 更新2025-01-04 收录
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We outline a method to provide advice on optimal monetary policy while taking policymakers' judgment into account. The method constructs Optimal Policy Projections (OPPs) by extracting the judgment terms that allow a model, such as the Federal Reserve Board's FRB/US model, to reproduce a forecast,

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2005-06-01
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