Schmidt-Hebbel, Klaus; Walsh, Carl E. - Banco Central de Chile - 2009
.S., the Eurozone, and Japan, and several inflation-targeting countries: Australia, Canada, Chile, New Zealand, Norway, Sweden …Among the variables that play critical roles in the design of monetary policy, several are unobservable. These include … approach, applied to a parsimonious monetary-policy model, to provide consistent estimates of key unobservables for the U …