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Browsing Háskólinn í Reykjavík by DOI "10.24122/tve.a.2008.6.2.9"

Browsing Háskólinn í Reykjavík by DOI "10.24122/tve.a.2008.6.2.9"

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    Out of reach? Convergence to an inflation target in the Central Bank of Iceland’s macroeconomic model 
    Baldursson, Friðrik Már; Hall, Axel (Viðskiptafræðideild og hagfræðideild Háskóla Íslands, viðskiptafræðideild Háskólans í Reykjavík og Seðlabanki Íslands., 2008)
    Inflation scenarios in forecasts of the Central Bank of Iceland (CBI) appear to converge to the inflation target (2.5%) in 8-9 quarters. We ask whether this is a coincidence or an inherent property of the CBI’s model, QMM. We formulate a sub-model, ...