The Informational Effect of Monetary Policy and the Case for Policy Commitment
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DOI: 10.26509/frbc-wp-201907r
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Citations
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Cited by:
- Kurt Graden Lunsford, 2018. "Understanding the Aspects of Federal Reserve Forward Guidance," Working Papers (Old Series) 1815, Federal Reserve Bank of Cleveland.
- Chengcheng Jia, 2019. "Forward Guidance under Imperfect Information: Instrument Based or State Contingent?," Working Papers 19-22, Federal Reserve Bank of Cleveland.
- Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Strasser, Georg, 2019.
"Can more public information raise uncertainty? The international evidence on forward guidance,"
Journal of Monetary Economics, Elsevier, vol. 108(C), pages 93-112.
- Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Strasser, Georg, 2019. "Can more public information raise uncertainty? The international evidence on forward guidance," Working Paper Series 2263, European Central Bank.
- Gaballo, Gaetano & Ehrmann, Michael & Hoffmann, Peter & Strasser, Georg, 2019. "Can more public information raise uncertainty? The international evidence on forward guidance," CEPR Discussion Papers 13977, C.E.P.R. Discussion Papers.
- Enders, Zeno & Hünnekes, Franziska & Müller, Gernot J., 2019.
"Monetary policy announcements and expectations: Evidence from german firms,"
Journal of Monetary Economics, Elsevier, vol. 108(C), pages 45-63.
- Enders, Zeno & Hünnekes, Franziska & Müller, Gernot J., 2019. "Monetary Policy Announcements and Expectations: Evidence from German Firms," Working Papers 10, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
- Müller, Gernot & Enders, Zeno & Hünnekes, Franziska, 2019. "Monetary Policy Announcements and Expectations: Evidence from German Firms," CEPR Discussion Papers 13916, C.E.P.R. Discussion Papers.
- Enders, Zeno & Huennekes, Franziska & Müller, Gernot J., 2019. "Monetary policy announcements and expectations: Evidence from german firms," Munich Reprints in Economics 78242, University of Munich, Department of Economics.
- Wesley Janson & Chengcheng Jia, 2020. "The Information Effect of Monetary Policy: Self-Defeating or Optimal?," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2020(15), pages 1-5, July.
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More about this item
Keywords
Monetary Policy; information frictions; policy commitment;All these keywords.
JEL classification:
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2019-04-22 (Central Banking)
- NEP-DGE-2019-04-22 (Dynamic General Equilibrium)
- NEP-MAC-2019-04-22 (Macroeconomics)
- NEP-MON-2019-04-22 (Monetary Economics)
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