A Markov Chain Approach to Monetary Policy Decision Making.
Through monetary policy, central banks aim to prevent societal costs associated with high or unstable ination. Forecasts and several other tools are used to provide guidance to this end, as outcomes of interest rate decisions are not fully predictable. This report presents a statistical approach, vi...
| Main Authors: | , |
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| Format: | Others |
| Language: | English |
| Published: |
KTH, Matematik (Inst.)
2012
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-103872 |