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Forward guidance about future policy settings, in the form of a published policy-rate path, has for many years been a natural part of normal monetary policy for several central banks, including the Reserve Bank of New Zealand and the Swedish Riksbank. More recently, the Federal Reserve has...
Persistent link: https://www.econbiz.de/10013039629
expectations of the time-paths of future short interest rates, monetary policy, inflation rates and currency depreciation rates …
Persistent link: https://www.econbiz.de/10013214576
inflation rates, and future currency depreciation rates. They separate market expectations for the short, medium and long term …
Persistent link: https://www.econbiz.de/10012783966
This paper studies the relationship between inflation, output, money and interest rates in the euro area, using data … power for future inflation. The real money gap contains more information about future inflation than the output gap and the … Eurosystem's money-growth indicator is an inferior indicator of future inflation …
Persistent link: https://www.econbiz.de/10013312477