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markets anticipated monetary policy decisions equally well under this new disclosure regime than before, but arrived at their … implications of macroeconomic data releases. Taken together, these findings suggest that the Fed's new disclosure practice may …
Persistent link: https://www.econbiz.de/10005162886
JEL Classification: E52, E61, E31, E42, E43
Persistent link: https://www.econbiz.de/10005530707
the credibility that financial markets attach to monetary policy in the euro area. JEL Classification: E52, E58 …
Persistent link: https://www.econbiz.de/10005530722
This paper first shows that the forecast error incurred when assuming that future inflation will be equal to the inflation target announced by the central bank is typically at least as small and often smaller than forecast errors of model-based and published inflation forecasts. It then shows...
Persistent link: https://www.econbiz.de/10005222363
JEL Classification: E52
Persistent link: https://www.econbiz.de/10005222370