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Announcements and the role of policy guidance
Walsh, Carl E. - In: Review / Federal Reserve Bank of St. Louis 90 (2008) 4, pp. 421-442
Persistent link: https://www.econbiz.de/10003764408
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Announcements and the role of policy guidance
Walsh, Carl E. - In: Review (2008) Jul, pp. 421-442
By providing guidance about future economic developments, central banks can affect private sector expectations and decisions. This can improve welfare by reducing private sector forecast errors, but it can also magnify the impact of noise in central bank forecasts. I employ a model of...
Persistent link: https://www.econbiz.de/10005415288
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Announcements and the Role of Policy Guidance
Walsh, Carl E. - In: Review (2013) Nov, pp. 575-600
By providing guidance about future economic developments, central banks can affect private sector expectations and decisions. This can improve welfare by reducing private sector forecast errors, but it can also magnify the impact of noise in central bank forecasts. I employ a model of...
Persistent link: https://www.econbiz.de/10010733940
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Are contemporary central banks transparent about economic models and objectives and what difference does it make? - commentary
Walsh, Carl E. - In: Review (2002) Jul, pp. 37-46
Persistent link: https://www.econbiz.de/10005724813