The Power of Forward Guidance Revisited
收藏NBER2015-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20882
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In recent years, central banks have increasingly turned to forward guidance as a central tool of monetary policy, especially as interest rates around the world have hit the zero lower bound. Standard monetary models imply that far future forward guidance is extremely powerful: promises about far
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美国国家经济研究局创建时间：
2015-01-01
