search query: @indexterm Monetary Policy / total: 1108
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| Author: | Jääskelä, J.P. |
| Title: | Inflation, price Level and hybrid rules under inflation uncertainty |
| Journal: | Scandinavian Journal of Economics
2005 : VOL 107:1, p. 141-156 |
| Index terms: | Monetary policy Inflation Prices Uncertainty Models |
| Language: | eng |
| Abstract: | The performance and robustness of optimized interest rate rules are analyzed in a New Keynesian model estimated for the euro area economy. Particularly, examined are the properties of rules responding to inflation, the price level, or a combination of the two (a hybrid rule). All the rules also respond to the output gap. |
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