Optimal Inflation Target Model Code and Data

Programs and data accompany the American Economic Journal: Macroeconomics article 'Optimal Inflation Target in an Economy with Menu Costs and a Zero Lower Bound'. The materials were created by Andrés Blanco Blanco of the University of Michigan. They likely contain the numerical simulations and calibration data used to derive the paper's central findings.

Use Cases

• Replicate the study's findings based on the described model of menu costs and the zero lower bound.
• Calibrate new macroeconomic models using the provided parameter data.
• Conduct sensitivity analysis on optimal inflation targets based on the underlying simulation code.
• Extend the model to incorporate additional frictions or policy rules.

Strengths

• Data and code are directly linked to a peer-reviewed publication in a major economics journal.
• The author is affiliated with a reputable academic institution, the University of Michigan.

Limitations

• Row count and dataset scale are unknown, which may limit suitability assessment.
• Column-level documentation is absent; field semantics must be inferred after download.
• Last update date is unknown; freshness unverified.

Provenance

Source

Andrés Blanco Blanco, University of Michigan

Collection Method

Likely generated via computational economic modeling and simulation for the associated research paper.