Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany
European Central Bank (ECB)
Bayesian Estimation, effective lower bound, Inflation targeting, Markov-switching DSGE, optimal monetary policy
This is a CEPR Discussion Paper. CEPR charges a fee of $8.00 for this paper.
If you wish to purchase the right to make copies of this paper for distribution to others, please select the quantity.
asset purchases, Commitment vs. discretion, forward guidance puzzle, Lower Bound, Optimal monetary policy