Inflation versus Price-Level Targeting Bayesian Estimation of a Small Open DSGE Model for Switzerland /

• Main Author: Heim, Lukas (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Wiesbaden : Springer Fachmedien Wiesbaden : Imprint: Springer Gabler, 2015.
• Series: BestMasters
• Subjects: Economic theory.; Economic policy.; Economics.; Economic Policy.; Economic Theory/Quantitative Economics/Mathematical Methods.

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...