{"id":"https://openalex.org/W2145901774","doi":"https://doi.org/10.1111/j.1538-4616.2011.00426.x","title":"Optimal Monetary Policy in an Operational Medium\u2010Sized DSGE Model","display_name":"Optimal Monetary Policy in an Operational Medium\u2010Sized DSGE Model","publication_year":2011,"publication_date":"2011-09-27","ids":{"openalex":"https://openalex.org/W2145901774","doi":"https://doi.org/10.1111/j.1538-4616.2011.00426.x","mag":"2145901774"},"language":"en","primary_location":{"id":"doi:10.1111/j.1538-4616.2011.00426.x","doi":"https://doi.org/10.1111/j.1538-4616.2011.00426.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1538-4616.2011.00426.x","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5019184591","display_name":"Malin Adolfson A","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1307248880","display_name":"Swedish National Bank","ror":"https://ror.org/01n28jn45","country_code":"SE","type":"other","lineage":["https://openalex.org/I1307248880"]}],"countries":["SE"],"is_corresponding":false,"raw_author_name":"MALIN ADOLFSON","raw_affiliation_strings":["Malin Adolfson and Stefan Lase\u0301en are with the Sveriges Riksbank","Malin Adolfson and Stefan Las\u00e9en\u2002are with the Sveriges Riksbank"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Malin Adolfson and Stefan Lase\u0301en are with the Sveriges Riksbank","institution_ids":["https://openalex.org/I1307248880"]},{"raw_affiliation_string":"Malin Adolfson and Stefan Las\u00e9en\u2002are with the Sveriges Riksbank","institution_ids":["https://openalex.org/I1307248880"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5091283717","display_name":"Stefan Las\u00e9en A","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1307248880","display_name":"Swedish National Bank","ror":"https://ror.org/01n28jn45","country_code":"SE","type":"other","lineage":["https://openalex.org/I1307248880"]}],"countries":["SE"],"is_corresponding":false,"raw_author_name":"STEFAN LAS\u00c9EN","raw_affiliation_strings":["Malin Adolfson and Stefan Lase\u0301en are with the Sveriges Riksbank","Malin Adolfson and Stefan Las\u00e9en\u2002are with the Sveriges Riksbank"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Malin Adolfson and Stefan Lase\u0301en are with the Sveriges Riksbank","institution_ids":["https://openalex.org/I1307248880"]},{"raw_affiliation_string":"Malin Adolfson and Stefan Las\u00e9en\u2002are with the Sveriges Riksbank","institution_ids":["https://openalex.org/I1307248880"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5032201567","display_name":"Jesper Lind\u00e9","orcid":"https://orcid.org/0000-0002-2101-5098","observed_orcids":["https://orcid.org/0000-0002-2101-5098"]},"institutions":[{"id":"https://openalex.org/I1279858714","display_name":"Center for Economic and Policy Research","ror":"https://ror.org/01vqjmx11","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1279858714"]},{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"JESPER LIND\u00c9","raw_affiliation_strings":["Jesper Linde\u0301 is with the Federal Reserve Board and CEPR","Jesper Lind\u00e9 is with the Federal Reserve Board and CEPR"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Jesper Linde\u0301 is with the Federal Reserve Board and CEPR","institution_ids":["https://openalex.org/I1279858714","https://openalex.org/I2802905149"]},{"raw_affiliation_string":"Jesper Lind\u00e9 is with the Federal Reserve Board and CEPR","institution_ids":["https://openalex.org/I1279858714","https://openalex.org/I2802905149"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5036609304","display_name":"Lars E.O. Svensson","orcid":"https://orcid.org/0000-0001-6492-1966","observed_orcids":["https://orcid.org/0000-0001-6492-1966"]},"institutions":[{"id":"https://openalex.org/I1307248880","display_name":"Swedish National Bank","ror":"https://ror.org/01n28jn45","country_code":"SE","type":"other","lineage":["https://openalex.org/I1307248880"]},{"id":"https://openalex.org/I161593684","display_name":"Stockholm University","ror":"https://ror.org/05f0yaq80","country_code":"SE","type":"education","lineage":["https://openalex.org/I161593684"]}],"countries":["SE"],"is_corresponding":false,"raw_author_name":"LARS E.O. SVENSSON","raw_affiliation_strings":["Lars E.O. Svensson is with the Sveriges Riksbank, Stockholm University, CEPR, and NBER"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Lars E.O. Svensson is with the Sveriges Riksbank, Stockholm University, CEPR, and NBER","institution_ids":["https://openalex.org/I1307248880","https://openalex.org/I161593684"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3800,"currency":"USD","value_usd":3800},"apc_paid":null,"fwci":27.3007,"has_fulltext":false,"cited_by_count":134,"citation_normalized_percentile":{"value":0.99475505,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":100},"biblio":{"volume":"43","issue":"7","first_page":"1287","last_page":"1331"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0010000000474974513,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/optimal-monetary-policy","display_name":"optimal monetary policy","score":0.996999979019165},{"id":"https://openalex.org/keywords/riksbank","display_name":"Riksbank","score":0.6700000166893005},{"id":"https://openalex.org/keywords/international-macroeconomics","display_name":"open economy macroeconomics","score":0.7799999713897705},{"id":"https://openalex.org/keywords/bayesian-parameter-estimation","display_name":"Bayesian parameter estimation","score":0.7059999704360962},{"id":"https://openalex.org/keywords/output-gap-measurement","display_name":"output gap measurement","score":0.7319999933242798},{"id":"https://openalex.org/keywords/shock-transmission","display_name":"shock transmission","score":0.8100000023841858},{"id":"https://openalex.org/keywords/great-recession","display_name":"Great Recession","score":0.9810000061988831},{"id":"https://openalex.org/keywords/international-spillovers","display_name":"international spillovers","score":0.9309999942779541},{"id":"https://openalex.org/keywords/sweden","display_name":"Sweden","score":0.31200000643730164}],"concepts":[{"id":"https://openalex.org/C489367","wikidata":"https://www.wikidata.org/wiki/Q1962064","display_name":"Dynamic stochastic general equilibrium","level":3,"score":0.9286094903945923},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.7985382080078125},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7601394653320312},{"id":"https://openalex.org/C55527203","wikidata":"https://www.wikidata.org/wiki/Q334194","display_name":"Spillover effect","level":2,"score":0.748652458190918},{"id":"https://openalex.org/C2778135664","wikidata":"https://www.wikidata.org/wiki/Q1929451","display_name":"Open economy","level":3,"score":0.49589595198631287},{"id":"https://openalex.org/C2777883944","wikidata":"https://www.wikidata.org/wiki/Q7543547","display_name":"Small open economy","level":3,"score":0.4778163731098175},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.4739028513431549},{"id":"https://openalex.org/C195742910","wikidata":"https://www.wikidata.org/wiki/Q176494","display_name":"Recession","level":2,"score":0.46684110164642334},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.44800904393196106},{"id":"https://openalex.org/C123587114","wikidata":"https://www.wikidata.org/wiki/Q2101508","display_name":"Policy analysis","level":2,"score":0.4454975128173828},{"id":"https://openalex.org/C2780801425","wikidata":"https://www.wikidata.org/wiki/Q5164392","display_name":"Construct (python library)","level":2,"score":0.4367600083351135},{"id":"https://openalex.org/C524878704","wikidata":"https://www.wikidata.org/wiki/Q187021","display_name":"Fiscal policy","level":2,"score":0.4321768879890442},{"id":"https://openalex.org/C2779513878","wikidata":"https://www.wikidata.org/wiki/Q631916","display_name":"Output gap","level":3,"score":0.41802510619163513},{"id":"https://openalex.org/C68022304","wikidata":"https://www.wikidata.org/wiki/Q842217","display_name":"Bayes estimator","level":3,"score":0.4152790606021881},{"id":"https://openalex.org/C103382277","wikidata":"https://www.wikidata.org/wiki/Q282640","display_name":"General equilibrium theory","level":2,"score":0.4135291874408722},{"id":"https://openalex.org/C107673813","wikidata":"https://www.wikidata.org/wiki/Q812534","display_name":"Bayesian probability","level":2,"score":0.408268004655838},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.32391268014907837},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.18958938121795654},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/j.1538-4616.2011.00426.x","doi":"https://doi.org/10.1111/j.1538-4616.2011.00426.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1538-4616.2011.00426.x","pdf_url":null,"source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:mcb:jmoncb:v:43:y:2011:i:7:p:1287-1331","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1111/j.1538-4616.2011.00426.x","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","score":0.4300000071525574,"display_name":"Partnerships for the goals"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":52,"referenced_works":["https://openalex.org/W345983625","https://openalex.org/W1523822494","https://openalex.org/W1526262388","https://openalex.org/W1568285049","https://openalex.org/W1575813377","https://openalex.org/W1577261539","https://openalex.org/W1588300322","https://openalex.org/W1595956136","https://openalex.org/W1599020589","https://openalex.org/W1605192949","https://openalex.org/W1768936006","https://openalex.org/W1779712391","https://openalex.org/W1808547975","https://openalex.org/W1870487345","https://openalex.org/W1976140283","https://openalex.org/W1995278743","https://openalex.org/W2003759958","https://openalex.org/W2041565371","https://openalex.org/W2042218972","https://openalex.org/W2044503966","https://openalex.org/W2053808221","https://openalex.org/W2075102972","https://openalex.org/W2077274748","https://openalex.org/W2110637920","https://openalex.org/W2114516325","https://openalex.org/W2121410772","https://openalex.org/W2125880177","https://openalex.org/W2130783080","https://openalex.org/W2146673837","https://openalex.org/W2149119892","https://openalex.org/W2340320942","https://openalex.org/W2788005544","https://openalex.org/W2891672457","https://openalex.org/W2891696528","https://openalex.org/W2972962478","https://openalex.org/W3022355858","https://openalex.org/W3022589593","https://openalex.org/W3022997108","https://openalex.org/W3121293400","https://openalex.org/W3121382297","https://openalex.org/W3122246344","https://openalex.org/W3122367434","https://openalex.org/W3122922506","https://openalex.org/W3123970111","https://openalex.org/W3124190306","https://openalex.org/W3124334953","https://openalex.org/W3124765495","https://openalex.org/W3125369127","https://openalex.org/W3146166473","https://openalex.org/W4247765758","https://openalex.org/W4285719527","https://openalex.org/W4301309997"],"related_works":["https://openalex.org/W7099174556","https://openalex.org/W7095399080","https://openalex.org/W7099348152","https://openalex.org/W1546047087","https://openalex.org/W2129934440","https://openalex.org/W1552058533","https://openalex.org/W2980719534","https://openalex.org/W2912563014","https://openalex.org/W2129464586","https://openalex.org/W1576721947"],"abstract_inverted_index":{"We":[0,60],"show":[1],"how":[2,62,95,116],"to":[3,38,84],"construct":[4],"optimal":[5],"policy":[6,22,40,58],"projections":[7],"in":[8,66,90,102],"Ramses,":[9],"the":[10,27,30,47,56,68,75,82,86,91,99,106],"Riksbank\u2019s":[11],"open\u2010economy":[12],"medium\u2010sized":[13],"dynamic":[14],"stochastic":[15],"general":[16],"equilibrium":[17],"model":[18,31,48,83],"for":[19],"forecasting":[20],"and":[21,42,65,94],"analysis.":[23],"Bayesian":[24],"estimation":[25],"of":[26,29,70,77,108],"parameters":[28,49],"indicates":[32],"that":[33,46],"they":[34],"are":[35],"relatively":[36],"invariant":[37],"alternative":[39],"assumptions":[41],"supports":[43],"our":[44],"view":[45],"may":[50],"be":[51],"regarded":[52],"as":[53],"unaffected":[54],"by":[55],"monetary":[57,63,109],"specification.":[59],"discuss":[61],"policy,":[64],"particular":[67],"choice":[69],"output":[71],"gap":[72],"measure,":[73],"affects":[74],"transmission":[76],"shocks.":[78],"Finally,":[79],"we":[80],"use":[81],"assess":[85],"recent":[87],"Great":[88],"Recession":[89],"world":[92],"economy":[93],"its":[96],"impact":[97],"on":[98,105,115],"economic":[100],"development":[101],"Sweden":[103],"depends":[104],"conduct":[107],"policy.":[110],"This":[111],"provides":[112],"an":[113],"illustration":[114],"Rames":[117],"incoporates":[118],"large":[119],"international":[120],"spillover":[121],"effects.":[122]},"counts_by_year":[{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":5},{"year":2022,"cited_by_count":7},{"year":2021,"cited_by_count":8},{"year":2020,"cited_by_count":10},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":12},{"year":2017,"cited_by_count":13},{"year":2016,"cited_by_count":10},{"year":2015,"cited_by_count":10},{"year":2014,"cited_by_count":8},{"year":2013,"cited_by_count":10},{"year":2012,"cited_by_count":9}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}