Living Up to Expectations: Central Bank Credibility, the Effectiveness of Forward Guidance, and Inflation Dynamics Post-Global Financial Crisis
收藏NBER2023-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w31777
下载链接
链接失效反馈官方服务：
资源简介：
This paper studies the effectiveness of forward guidance when central banks have imperfect credibility. Exploiting unique survey-based measures of expected inflation, output growth, and interest rates, we estimate a small-scale New Keynesian model for the United States and other G7 countries plus
提供机构：
美国国家经济研究局
创建时间：
2023-10-01
