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Articles (2019), International Review of Economics and Finance, 61, pp. 289-303

Central Bank Losses and Monetary Policy Rules: a DSGE Investigation

BENCHIMOL Jonathan, FOURÇANS André

Central banks' monetary policy rules being consistent with policy objectives are a fundamental of applied monetary economics. We seek to determine, first, which of the central bank's rules are most in line with the historical data for the US economy and, second, what policy rule would work best to assist the central bank in reaching its objectives via several loss function measures. Lien vers l'article

BENCHIMOL, J. and FOURÇANS, A. (2019). Central Bank Losses and Monetary Policy Rules: a DSGE Investigation. International Review of Economics and Finance, 61, pp. 289-303.

Mots clés : #Monetary-policy, #Monetary-rule, #Central-bank-loss