Inflation versus Price-Level Targeting Bayesian Estimation of a Small Open DSGE Model for Switzerland /
Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded versi...
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| Language: | English |
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Wiesbaden :
Springer Fachmedien Wiesbaden : Imprint: Springer Gabler,
2015.
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| Edition: | 1st ed. 2015. |
| Series: | BestMasters,
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| Online Access: | https://doi.org/10.1007/978-3-658-08228-4 |