Series: IMF Working Papers
Author(s): Allan Dizioli , and Jochen M. Schmittmann
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 December 2015
Keywords: Bayesian Estimation, exchange rate, interest rates, monetary policy rule, central bank, Forecasting and Simulation, Monetary Policy (Targets, Instruments, and Effects),
The paper develops a small New-Keynesian FPAS model for Vietnam. The model closely matches actual data from 2000-2014. We derive an optimal monetary policy rule that minimizes variability of output, inflation, and...