Edge, Rochelle M.; Laubach, Thomas; Williams, John C. - 2007
estimated micro-founded
general equilibrium model of the U.S. economy where the policymaker faces uncer-
tainty about model …-maximizing monetary policy in an estimated dynamic stochas-
tic general equilibrium model of the U.S. economy where the central bank faces …
concludes.
2 The Model
In this section, we describe a small closed-economy dynamic stochastic general equilibrium
(DSGE) model …