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Monetary Information and Interest Rates
Walsh, Carl E. - 1985
A model of interest rate movements in response to new information on the money stock is developed.The model, which …
Persistent link: https://www.econbiz.de/10012477495
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Does Policy Communication During Covid Work?
Coibion, Olivier - 2020
Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal … the Nielsen Homescan panel with different combinations of information about the severity of the pandemic, recent actions …
Persistent link: https://www.econbiz.de/10012481579
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Central Bank Communication and Expectations Stabilization
Eusepi, Stefano - 2007
This paper analyzes the value of communication in the implementation of monetary policy. The central bank is uncertain about the current state of the economy. Households and firms are uncertain about the statistical properties of aggregate variables, including nominal interest rates, and must...
Persistent link: https://www.econbiz.de/10012465393