Whose Inflation Rates Matter Most? A DSGE Model and Machine Learning Approach to Monetary Policy in the Euro Area

In the euro area, monetary policy is conducted by a single central bank for 20 member countries. However, countries are heterogeneous in their economic development, including their inflation rates. This paper combines a New Keynesian model and a neural network to assess whether the European Central...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 32-2022)
Main Authors:	Stempel, Daniel, Zahner, Johannes
Format:	Article
Language:	English
Published:	Philipps-Universität Marburg 2022
Subjects:	European Monetary Union Neural Networks New Keynesian Models Transfer Learning Monetary Policy Wirtschaft Economics
Online Access:	PDF Full Text
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