Galí, Jordi, 1961-Universitat Pompeu Fabra. Departament d'Economia i Empresa2017-07-262017-07-262007-08-01http://hdl.handle.net/10230/371Constant interest rate (CIR) projections are often criticized on the grounds that they are inconsistent with the existence of a unique equilibrium in a variety of forward-looking models. This note shows how to construct CIR projections that are not subject to that criticism, using a standard New Keynesian model as a reference framework.application/pdfengL'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commonsinfo:eu-repo/semantics/workingPaperinterest rate pegin.ation targetingconditional forecastsinterest rate rulesmultiple equilibriaMacroeconomics and International Economicsinfo:eu-repo/semantics/openAccess