Some Methodological Suggestions
نویسنده
چکیده
Rather than providing a big picture about monetary policy, I appoint myself as a discussant of the two papers presented in this session, one on inflationary expectations by Galati, Poelhekke, and Zhou, and the other on the recent commodity boom by Erceg, Guerrieri, and Kamin. For each of the two papers, which I take to be the best industry practice, I will suggest an alternative methodology. My commentary is almost self-contained; the reader should be able to get the main messages without reference to the two underlying papers.
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