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The Predictability of Monetary Policy
Blattner, Tobias Sebastian - 2008
circumstances and contingencies. In this broader sense, longer-term predictability is also closely related to the credibility of the …
Persistent link: https://www.econbiz.de/10012772989
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Credibility of central banks inflation forecasts
Tura-Gawron, Karolina - 2016 - This version 19/02/2016
Modern monetary policy focuses on credibility and shaping consumers' inflation expectations. According to the concept …-making process and may be a specific intermediate target. The aim of the study is to analyse the credibility of inflation forecasts … credibility index. The inflation forecasts' credibility index may be calculated for all types of inflation forecasts made by …
Persistent link: https://www.econbiz.de/10011802291
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The predictability of monetary policy
Blattner, Tobias; Catenaro, Marco; Ehrmann, Michael; … - 2008
circumstances and contingencies. In this broader sense, longer-term predictability is also closely related to the credibility of the …
Persistent link: https://www.econbiz.de/10011641200
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The predictability of monetary policy
Blattner, Tobias; Catenaro, Marco; Ehrmann, Michael; … - 2008
Persistent link: https://www.econbiz.de/10013439631
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Evolving U.S. Monetary Policy and the Decline of Inflation Predictability
Benati, Luca - 2007
Using a structural VAR with time-varying parameters and stochastic volatility on post-WWII U.S. data, we document a striking negative correlation between the evolution of the long-run coefficient on inflation in the monetary rule and the evolution of the persistence and predictability of...
Persistent link: https://www.econbiz.de/10012775858
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Model-based inflation forecasts and monetary policy rules
Wouters, Rafael; Dombrecht, Michel - 2000
Persistent link: https://www.econbiz.de/10001463356
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Model-Based Inflation Forecasts and Monetary Policy Rules
Wouters, Rafael - 2010
expectations in the price and wage setting process and on the credibility of monetary policy in the expectation formation process …
Persistent link: https://www.econbiz.de/10013136278
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Model-based inflation forecasts and monetary policy rules
Wouters, Rafael; Dombrecht, Michel - 2000
expectations in the price and wage setting process and on the credibility of monetary policy in the expectation formation process …
Persistent link: https://www.econbiz.de/10011622622
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Disciplining expectations and the forward guidance puzzle
Müller, Tobias; Christoffel, Kai; Mazelis, Falk; … - 2020
Forward guidance operates via the expectations formation process of the agents in the economy. In standard quantitative macroeconomic models, the expectations are unobserved state variables and little scrutiny is devoted to analysing the dynamic behaviour of these expectations. We show that the...
Persistent link: https://www.econbiz.de/10012241110
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Predicting monetary policy using artificial neural networks
Hinterlang, Natascha - 2020
This paper analyses the forecasting performance of monetary policy reaction functions using U.S. Federal Reserve's Greenbook real-time data. The results indicate that artificial neural networks are able to predict the nominal interest rate better than linear and nonlinearTaylor rule models as...
Persistent link: https://www.econbiz.de/10012256503