Forward Guidance
收藏NBER2018-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24521
下载链接
链接失效反馈官方服务：
资源简介：
We assess the power of forward guidancepromises about future interest ratesas a monetary tool in a liquidity trap using a quantitative incomplete-markets model. Our results suggest the effects of forward guidance are negligible. A commitment to keep future nominal interest rates low for a few
提供机构：
美国国家经济研究局创建时间：
2018-04-01
