Matches in SemOpenAlex for { <https://semopenalex.org/work/W3122377035> ?p ?o ?g. }
Showing items 1 to 85 of
85
with 100 items per page.
- W3122377035 abstract "The complexity resulting from intertwined uncertainties regarding model misspecification and mismeasurement of the state of the economy defines the monetary policy landscape. Using the euro area as laboratory this paper explores the design of robust policy guides aiming to maintain stability in the economy while recognizing this complexity. We document substantial output gap mismeasurement and make use of a new model data base to capture the evolution of model specification. A simple interest rate rule is employed to interpret ECB policy since 1999. An evaluation of alternative policy rules across 11 models of the euro area confirms the fragility of policy analysis optimized for any specific model and shows the merits of model averaging in policy design. Interestingly, a simple difference rule with the same coefficients on inflation and output growth as the one used to interpret ECB policy is quite robust as long as it responds to current outcomes of these variables." @default.
- W3122377035 created "2021-02-01" @default.
- W3122377035 creator A5005204919 @default.
- W3122377035 creator A5060637916 @default.
- W3122377035 date "2012-08-01" @default.
- W3122377035 modified "2023-09-27" @default.
- W3122377035 title "Complexity and Monetary Policy" @default.
- W3122377035 hasPublicationYear "2012" @default.
- W3122377035 type Work @default.
- W3122377035 sameAs 3122377035 @default.
- W3122377035 citedByCount "11" @default.
- W3122377035 countsByYear W31223770352013 @default.
- W3122377035 countsByYear W31223770352014 @default.
- W3122377035 countsByYear W31223770352015 @default.
- W3122377035 countsByYear W31223770352016 @default.
- W3122377035 countsByYear W31223770352017 @default.
- W3122377035 countsByYear W31223770352018 @default.
- W3122377035 crossrefType "posted-content" @default.
- W3122377035 hasAuthorship W3122377035A5005204919 @default.
- W3122377035 hasAuthorship W3122377035A5060637916 @default.
- W3122377035 hasConcept C111472728 @default.
- W3122377035 hasConcept C112972136 @default.
- W3122377035 hasConcept C119857082 @default.
- W3122377035 hasConcept C121332964 @default.
- W3122377035 hasConcept C126285488 @default.
- W3122377035 hasConcept C138885662 @default.
- W3122377035 hasConcept C139719470 @default.
- W3122377035 hasConcept C147789679 @default.
- W3122377035 hasConcept C149782125 @default.
- W3122377035 hasConcept C162324750 @default.
- W3122377035 hasConcept C175025494 @default.
- W3122377035 hasConcept C185592680 @default.
- W3122377035 hasConcept C200941418 @default.
- W3122377035 hasConcept C2779513878 @default.
- W3122377035 hasConcept C2780586882 @default.
- W3122377035 hasConcept C33332235 @default.
- W3122377035 hasConcept C41008148 @default.
- W3122377035 hasConcept C55986821 @default.
- W3122377035 hasConcept C80191262 @default.
- W3122377035 hasConceptScore W3122377035C111472728 @default.
- W3122377035 hasConceptScore W3122377035C112972136 @default.
- W3122377035 hasConceptScore W3122377035C119857082 @default.
- W3122377035 hasConceptScore W3122377035C121332964 @default.
- W3122377035 hasConceptScore W3122377035C126285488 @default.
- W3122377035 hasConceptScore W3122377035C138885662 @default.
- W3122377035 hasConceptScore W3122377035C139719470 @default.
- W3122377035 hasConceptScore W3122377035C147789679 @default.
- W3122377035 hasConceptScore W3122377035C149782125 @default.
- W3122377035 hasConceptScore W3122377035C162324750 @default.
- W3122377035 hasConceptScore W3122377035C175025494 @default.
- W3122377035 hasConceptScore W3122377035C185592680 @default.
- W3122377035 hasConceptScore W3122377035C200941418 @default.
- W3122377035 hasConceptScore W3122377035C2779513878 @default.
- W3122377035 hasConceptScore W3122377035C2780586882 @default.
- W3122377035 hasConceptScore W3122377035C33332235 @default.
- W3122377035 hasConceptScore W3122377035C41008148 @default.
- W3122377035 hasConceptScore W3122377035C55986821 @default.
- W3122377035 hasConceptScore W3122377035C80191262 @default.
- W3122377035 hasLocation W31223770351 @default.
- W3122377035 hasOpenAccess W3122377035 @default.
- W3122377035 hasPrimaryLocation W31223770351 @default.
- W3122377035 hasRelatedWork W1481018324 @default.
- W3122377035 hasRelatedWork W1532980121 @default.
- W3122377035 hasRelatedWork W1548950387 @default.
- W3122377035 hasRelatedWork W1558825034 @default.
- W3122377035 hasRelatedWork W1972741226 @default.
- W3122377035 hasRelatedWork W1977233532 @default.
- W3122377035 hasRelatedWork W2119840712 @default.
- W3122377035 hasRelatedWork W2130067602 @default.
- W3122377035 hasRelatedWork W2140898820 @default.
- W3122377035 hasRelatedWork W2151499120 @default.
- W3122377035 hasRelatedWork W2169041150 @default.
- W3122377035 hasRelatedWork W2246520688 @default.
- W3122377035 hasRelatedWork W2382641584 @default.
- W3122377035 hasRelatedWork W2793325465 @default.
- W3122377035 hasRelatedWork W3122615356 @default.
- W3122377035 hasRelatedWork W3123352555 @default.
- W3122377035 hasRelatedWork W3124789923 @default.
- W3122377035 hasRelatedWork W3125653298 @default.
- W3122377035 hasRelatedWork W3125653680 @default.
- W3122377035 hasRelatedWork W3135190544 @default.
- W3122377035 isParatext "false" @default.
- W3122377035 isRetracted "false" @default.
- W3122377035 magId "3122377035" @default.
- W3122377035 workType "article" @default.