${\mathcal{M}}_1$

${\mathcal{M}}_2$

High street

$\lambda$

0.41

$\epsilon$

0.478

$\eta$

1

$\zeta$

0.77

${\mathcal{M}}_1$

${\mathcal{M}}_2$

Data

${\mathcal{M}}_1$

${\mathcal{M}}_2$

Preferences

Targets

$\beta$

0.9945

0.9948

$\text{std}\left(g_t\right)$

3.3

3.56

3.56

$\rho$

0.9

0.88

$\text{acorr}\left(g_t\right)$

0.3

0.4

0.37

$\alpha$

−28

−29

$\text{std}\left(i_t\right)$

2.72

2.74

2.86

Taylor rule

$\text{acorr}\left(i_t\right)$

0.96

0.90

0.90

${\nu }_{\pi }$

1.64

1.64

$\text{std}\left(i_t^{\left(28\right)}\right)$

2.44

2.18

2.18

${\nu }_y$

0.85

0.85

$\text{acorr}\left(i_t^{\left(28\right)}\right)$

0.98

0.99

0.99

Stochastic processes

$\text{std}\left(E_t{r}_{X\mathrm{,}t+1}^{\left(28\right)}\right)$

4.08

0.82

0.81

${\varphi }_z$

0.886

0.886

$\text{acorr}\left(E_t{r}_{X\mathrm{,}t+1}^{\left(28\right)}\right)$

0.88

0.80

0.80

${\varphi }_s$

0.999

0.999

$\text{std}\left({\pi }_t\right)$

2.80

3.12

3.41

${\varphi }_{\mu }$

0.999

0.999

$\text{corr}\left({\pi }_t\mathrm{,}{g}_t\right)$

−0.26

−0.3

−0.27

$a_z$

0.014

0.014

$\text{corr}\left({\pi }_t\mathrm{,}P{C}_{1t}\right)$

0.71

0.81

0.79

$a_s$

4.0257e⁻⁴

4.0922e⁻⁴

$\text{corr}\left(E_t{r}_{X\mathrm{,}t+1}^{\left(28\right)}\mathrm{,}{g}_{t+1}\right)$

0.30

0.42

0.58

$\theta$

0.8

0.8

$E\left(i_t\right)$

5.55

5.55

5.55

$B_{11}$

0.0053

0.001

$E\left(i_t^{\left(4\right)}\right)$

6.03

5.90

5.90

$B_{22}$

0.002

0.002

$E\left(i_t^{\left(28\right)}\right)$

6.80

7.08

7.08

$B_{33}$

2.32e⁻⁴

2.32e⁻⁴

$b_4$

0.23

0.23