Finance and Economics Discussion Series: Optimal Policy Projections by Lars E. O. Svensson, Robert J. Tetlow

Finance and Economics Discussion Series: Optimal Policy Projections

Lars E. O. Svensson, Robert J. Tetlow

30 pages missing pub info (editions)

nonfiction politics
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Description

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 Res...

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