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Credible Forward Guidance
Nakata, Taisuke; Sunakawa, Takeki - 2022
How can the central bank credibly implement a ``lower-for-longer'' strategy? To answer this question, we analyze a series of optimal sustainable policy problems---indexed by the duration of reputational loss---in a sticky-price model with an effective lower bound (ELB) constraint on nominal...
Persistent link: https://www.econbiz.de/10014082145
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Credible forward guidance
Batista, Quentin; Nakata, Taisuke; Sunakawa, Takeki - In: Journal of economic dynamics & control 153 (2023), pp. 1-16
Persistent link: https://www.econbiz.de/10014479338
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Credibility and Transparency of FOMC Decisions : Evidence from the Volcker and Greenspan Chairmanships
Lapp, John S.; Pearce, Douglas K.; Laksanasut, Surachit - 2000
This paper studies the credibility and transparency of monetary policy. We characterize each FOMC meeting as a decision … available at the time of each FOMC meeting. Results show some evidence of credibility. Policy was less transparent in the …
Persistent link: https://www.econbiz.de/10014167055
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How well-anchored are long-term inflation expectations?
Moessner, Richhild; Takáts, Előd - 2020
Persistent link: https://www.econbiz.de/10012238859
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A dynamic evaluation of central bank credibility
Çakmaklı, Cem; Demiralp, Selva - 2020
incorrectly attribute the temporary reductions in the inflation rate to improvements in credibility. Utilizing a time varying …Central bank credibility is critical for the effectiveness of monetary policy. The measures of credibility that are … based on the changes in actual inflation rate do not perform very well in environments of chronic inflation. We design an …
Persistent link: https://www.econbiz.de/10012292071
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Endogenous monetary policy credibility in Ukraine
Savolchuk, Kateryna; Grui, Anton - 2022
Persistent link: https://www.econbiz.de/10014245894
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The effect of central bank credibility on forward guidance in an estimated New Keynesian model
Cole, Stephen J.; Martínez-García, Enrique - In: Macroeconomic dynamics 27 (2023) 2, pp. 532-570
Persistent link: https://www.econbiz.de/10014247540
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Monetary policy credibility and macrodynamics : evidence from Ghana
Akosah, Nana Kwame; Acquaye, Ivy K.; Loloh, Francis White - In: Applied economics letters 24 (2017) 21, pp. 1567-1574
Persistent link: https://www.econbiz.de/10011853488
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El régimen de metas de inflación : comunicación y credibilidad
Galvis, Juan Camilo - 2017 - Primera edición
Persistent link: https://www.econbiz.de/10011833591
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Monetary policy governance : Bank of Canada practices to support policy effectiveness
Desroches, Brigitte; Kozicki, Sharon; Simon, Laure - 2024
Monetary policy governance - how monetary policy objectives are determined, how decisions are made and who makes them - determines the quality and effectiveness of monetary policy decisions. In this paper, we examine some desirable and some adverse outcomes associated with different governance...
Persistent link: https://www.econbiz.de/10015069703