Mr. Francis Vitek

Measuring the Stances of Monetary and Fiscal Policy

We derive measures of the stances of monetary and fiscal policy within the framework of an empirically plausible extension of the basic New Keynesian ...

A Closed Form Multivariate Linear Filter

This paper considers the problem of jointly decomposing a set of time series variables into cyclical and trend components, subject to sets of stochast...

A Medium-Scale DSGE Model for the Integrated Policy Framework

This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, macroprudential policy, and capital ...