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Replication data for: Optimal Monetary Policy Rules in an Estimated Sticky-Information Model

Version
V0
Resource Type
Dataset
Creator
  • Reis, Ricardo
Publication Date
2008-12-30
Description
  • Abstract

    This paper uses a dynamic stochastic general equilibrium (DSGE) model with sticky information as a laboratory to study monetary policy. It characterizes the model's predictions for macro dynamics and optimal policy at prior parameters, and then uses data on five US macroeconomic series to update the parameters and provide an estimated model that can be used for policy analysis. The model answers a few policy questions. How does sticky information affect optimal monetary policy? What is the optimal interest rate rule? What is the optimal elastic price-level targeting rule? How does parameter uncertainty affect optimal policy? Are the conclusions for the Euro area different? (JEL E13, E31, E43, E52)
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/mac.1.2.1 (Text)
Publications
  • Reis, Ricardo. “Optimal Monetary Policy Rules in an Estimated Sticky-Information Model.” American Economic Journal: Macroeconomics 1, no. 2 (June 2009): 1–28. https://doi.org/10.1257/mac.1.2.1.
    • ID: 10.1257/mac.1.2.1 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Reis, Ricardo (2008): Replication data for: Optimal Monetary Policy Rules in an Estimated Sticky-Information Model. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114044