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Forward guidance
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central bank communication
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escape clause
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BANCO DE LA REPÚBLICA
Department of Agricultural and Resource Economics, University of California-Berkeley
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Banco de la Republica de Colombia
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Institute of Business and Economic Research (IBER), Walter A. Haas School of Business
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Forward guidance with an
escape
clause
: When half a promise is better than a full one
Florez-Jimenez, Maria Lucia
;
Parra-Polania, Julian A.
-
BANCO DE LA REPÚBLICA
-
2014
Using a three-equation New Keynesian model we find that incorporating an
escape
clause
(EC) into Forward Guidance (FG …
Persistent link: https://www.econbiz.de/10010961646
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