Optimal Monetary Policy in an Operational Medium-Sized DSGE Model

Malin Adolfson, Stefan Laséen, Jesper Lindé, Lars E.O. Svensson

NBER Working Paper No. 14092
Issued in June 2008

---- Acknowledgements -----

We are grateful for helpful comments from Günter Coenen, Lee Ohanian, Frank Smets, and participants in the Second Oslo Workshop on Monetary Policy, the Central Bank Workshop on Macroeconomic Modelling, Oslo, the conference on New Perspectives on Monetary Policy Design, Barcelona, the Lindahl Lectures, Uppsala, the conference on Quantitative Approaches to Monetary Policy in Open Economies, Atlanta, and seminars at the Riksbank and the Institute for International Economic Studies. All remaining errors are ours. The views, analysis, and conclusions in this paper are solely the responsibility of the authors and do not necessarily agree with those of other members of the Riksbank’s staff or executive board, the Federal Reserve Board, or the National Bureau of Economic Research.

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