Orphanides, Athanasios; Wieland, Volker - House of Finance, Goethe Universität Frankfurt am Main - 2012
The complexity resulting from intertwined uncertainties regarding model misspecification and mismeasurement of the … of robust policy guides aiming to maintain stability in the economy while recognizing this complexity. We document … simple interest rate rule is employed to interpret ECB policy since 1999. An evaluation of alternative policy rules across 11 …