Inflation targeting is a monetary policy rule that has implications for both the average performance of an economy and its business cycle behavior. We use a modern, rational expectations model to stud
Eviews file containing the VIX, global financial cycle, and world industrial production series used in our baseline analysis. It also contains the monetary policy shocks estimates by Miranda-Agrippino
This paper provides a summary of the OECD’s new global macroeconometric model, including an overview of model structure and a selection of simulations illustrating its main properties. Compared with i
Organisation for Economic Co-operation and Development50
