Arbeitspapier
A primer on optimal policy projections
Optimal policy projections (OPPs) offer a flexible way to derive scenario-based policy recommendations. This note describes how to calculate OPPs for a simple textbook New Keynesian model and provides illustrations for various examples. It also demonstrates the versatility of the approach by showing OPP results for simulations conducted using a medium-scale DSGE model and a New Keynesian model with heterogeneous households.
- Sprache
-
Englisch
- Erschienen in
-
Series: Technical Paper ; No. 01/2024
- Klassifikation
-
Wirtschaft
Computational Techniques; Simulation Modeling
Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
Price Level; Inflation; Deflation
Money and Interest Rates: Forecasting and Simulation: Models and Applications
Monetary Policy
Central Banks and Their Policies
- Thema
-
Optimal monetary policy
macroeconomic projections
New Keynesian models
household heterogeneity
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dengler, Thomas
Gerke, Rafael
Giesen, Sebastian
Kienzler, Daniel
Röttger, Joost
Scheer, Alexander
Wacks, Johannes
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bundesbank
- (wo)
-
Frankfurt a. M.
- (wann)
-
2024
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dengler, Thomas
- Gerke, Rafael
- Giesen, Sebastian
- Kienzler, Daniel
- Röttger, Joost
- Scheer, Alexander
- Wacks, Johannes
- Deutsche Bundesbank
Entstanden
- 2024
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