Kugler, Peter; Jordan, Thomas; Savioz, Marcel R.; Lenz, … - Wirtschaftswissenschaftliches Zentrum <Basel>; …
This paper analyzes forward-looking rules for Swiss monetary policy in a small structural VAR model consisting of four … Swiss data. Second, the effects of different targets in a forward-looking monetary policy on ex post or unconditional … focusing monetary policy on GDP growth instead on inflation may lead to an inefficient policy with both increased medium term …