Canetg, Fabio - In: Swiss Journal of Economics and Statistics 157 (2021) 1, pp. 1-13
monetary policy rule. The research question is addressed in a simple New Keynesian dynamic stochastic general equilibrium (DSGE …) model in which monetary policy deviations occur endogenously. The model solution suggests that higher future central bank … against monetary policy commitments and provides a potential explanation for the repeated implementation of monetary policy …