Author/Editor: Davide Debortoli, Jinill Kim, Jesper Lindé, Ricardo C Nunes.

Release Date:July, 2017

Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We show, both analytically and more...

Author/Editor: Jesper Lindé, Andrea Pescatori.

Release Date:July, 2017

We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined more...