Adjemian, Stéphane; Darracq Pariès, Matthieu; Moyen, … - European Central Bank - 2008
, where monetary policy is set according to a Ramsey-planner decision problem. Those results are then contrasted with the DSGE … frameworks with satisfying data coherence have considerably enhanced the range of analytical tools well-suited for monetary … policy evaluation. The present paper intends to make a step forward in this direction: using US data over the Volker …