The name is absent



Table 2: Policy rules and coefficients in the log-linearized model

Rule

p11

p22

πt

yt

qt

Etπt+1

Etyt+1

optimal policy

all

all

TR

all

all

1.5

0.5

TR+q

all

all

1.5

0.5

0.1

IFB

0.25

0.25

1.5

IFB

0.25

0.50

1.5

IFB

0.25

0.75

1.7

IFB

0.50

0.25

1.9

IFB

0.50

0.50

1.6

IFB

0.50

0.75

1.8

IFB

0.75

all

2.8

IFB+y

all

all

1.5

0.5

IFB+y+q

all

all

0.1

1.5

0.5

IFB+y+q agg.

all

all

0.1

2.0

0.5

optimal policy: the optimal policy reacts to all state variables and shocks

TR: Taylor rule

IFB: Inflation forecast based rule

all: 0.25, 0.5, 0.75

19



More intriguing information

1. The name is absent
2. The name is absent
3. Conservation Payments, Liquidity Constraints and Off-Farm Labor: Impact of the Grain for Green Program on Rural Households in China
4. The name is absent
5. Julkinen T&K-rahoitus ja sen vaikutus yrityksiin - Analyysi metalli- ja elektroniikkateollisuudesta
6. Regional specialisation in a transition country - Hungary
7. Ronald Patterson, Violinist; Brooks Smith, Pianist
8. The name is absent
9. Accurate and robust image superresolution by neural processing of local image representations
10. AGRICULTURAL PRODUCERS' WILLINGNESS TO PAY FOR REAL-TIME MESOSCALE WEATHER INFORMATION