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Träfflista för sökning "WFRF:(Adolfson Malin) srt2:(2010-2014)"

Search: WFRF:(Adolfson Malin) > (2010-2014)

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1.
  • Adolfson, Malin, et al. (author)
  • Monetary policy trade-offs in an estimated open-economy DSGE model
  • 2014
  • In: Journal of Economic Dynamics and Control. - : Elsevier BV. - 0165-1889 .- 1879-1743. ; 42, s. 33-49
  • Journal article (peer-reviewed)abstract
    • This paper studies the trade-offs between stabilizing CPI inflation and alternative measures of the output gap in Ramses, the Riksbank's estimated dynamic stochastic general equilibrium (DSGE) model of a small open economy. Our main finding is that the trade-off between stabilizing CPI inflation and the output gap strongly depends on which concept of potential output in the output gap between output and potential output is used in the loss function. If potential output is defined as a smooth trend this trade-off is much more pronounced compared to the case when potential output is defined as the output level that would prevail if prices and wages were flexible.
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2.
  • Adolfson, Malin, et al. (author)
  • Optimal Money Policy in an Operational Medium-Sized DSGE Model
  • 2011
  • In: Journal of Money, Credit and Banking. - : Wiley. - 0022-2879 .- 1538-4616. ; 43, s. 1287-1331
  • Journal article (peer-reviewed)abstract
    • We show how to construct optimal policy projections in Ramses, the Riksbank's open-economy medium-sized dynamic stochastic general equilibrium model for forecasting and policy analysis. Bayesian estimation of the parameters of the model indicates that they are relatively invariant to alternative policy assumptions and supports our view that the model parameters may be regarded as unaffected by the monetary policy specification. We discuss how monetary policy, and in particular the choice of output gap measure, affects the transmission of shocks. Finally, we use the model to assess the recent Great Recession in the world economy and how its impact on the economic development in Sweden depends on the conduct of monetary policy. This provides an illustration on how Rames incoporates large international spillover effects.
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  • Result 1-2 of 2
Type of publication
journal article (2)
Type of content
peer-reviewed (2)
Author/Editor
Adolfson, Malin (2)
Linde, Jesper (2)
Laseen, Stefan (2)
Svensson, Lars E. O. (2)
University
Stockholm University (2)
Stockholm School of Economics (1)
Language
English (2)
Research subject (UKÄ/SCB)
Social Sciences (2)

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