Macroeconomic Models for Monetary Policy: A Critical Review from a Finance Perspective

We provide a critical review of macroeconomic models used for monetary policy at central banks from a finance perspective. We review the history of monetary policy modeling, survey the core monetary models used by major central banks, and construct an illustrative model for those readers who are unf...

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Bibliographic Details
Main Authors: Dou, Winston W., Lo, Andrew W, Muley, Ameya, Uhlig, Harald
Other Authors: Sloan School of Management
Format: Article
Language:English
Published: Annual Reviews 2021
Online Access:https://hdl.handle.net/1721.1/130491