Uncertain policy promises
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DOI: 10.1016/j.euroecorev.2018.11.003
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Citations
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Cited by:
- Günter Coenen & Carlos Montes‐Galdón & Frank Smets, 2023.
"Effects of State‐Dependent Forward Guidance, Large‐Scale Asset Purchases, and Fiscal Stimulus in a Low‐Interest‐Rate Environment,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(4), pages 825-858, June.
- Günter Coenen & Carlos Montes-Galdón & Frank Smets, 2019. "Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases and Fiscal Stimulus in a Low-Interest-Rate Environment," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/983, Ghent University, Faculty of Economics and Business Administration.
- Smets, Frank & Coenen, Günter & Montes-Galdón, Carlos, 2021. "Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases and Fiscal Stimulus in a Low-Interest-Rate Environment," CEPR Discussion Papers 16050, C.E.P.R. Discussion Papers.
- Coenen, Günter & Montes-Galdón, Carlos & Smets, Frank, 2020. "Effects of state-dependent forward guidance, large-scale asset purchases and fiscal stimulus in a low-interest-rate environment," Working Paper Series 2352, European Central Bank.
- Coenen, Günter & Montes-Galdón, Carlos & Smets, Frank, 2020. "Effects of state-dependent forward guidance, large-scale asset purchases and fiscal stimulus in a low-interest-rate environment," CFS Working Paper Series 639, Center for Financial Studies (CFS).
- Julien Albertini & Valentin Jouvanceau & Stéphane Moyen, 2022.
"State-Contingent Forward Guidance,"
Working Papers
2205, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Valentin Jouvanceau & Julien Albertini & Stéphane Moyen, 2022. "State-Contingent Forward Guidance," Bank of Lithuania Working Paper Series 100, Bank of Lithuania.
- Budianto, Flora & Nakata, Taisuke & Schmidt, Sebastian, 2023.
"Average inflation targeting and the interest rate lower bound,"
European Economic Review, Elsevier, vol. 152(C).
- Schmidt, Sebastian & Budianto, Flora & Nakata, Taisuke, 2020. "Average Inflation Targeting and the Interest Rate Lower Bound," CEPR Discussion Papers 14400, C.E.P.R. Discussion Papers.
- Flora Budianto & Taisuke Nakata & Sebastian Schmidt, 2020. "Average inflation targeting and the interest rate lower bound," BIS Working Papers 852, Bank for International Settlements.
- Nakata, Taisuke & Schmidt, Sebastian & Budianto, Flora, 2020. "Average inflation targeting and the interest rate lower bound," Working Paper Series 2394, European Central Bank.
- Flora Budianto & Taisuke Nakata & Sebastian Schmidt, 2020. "Average Inflation Targeting and the Interest Rate Lower Bound," CARF F-Series CARF-F-486, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
- de Groot, Oliver & Mazelis, Falk & Motto, Roberto & Ristiniemi, Annukka, 2021.
"A toolkit for computing Constrained Optimal Policy Projections (COPPs),"
Working Paper Series
2555, European Central Bank.
- de Groot, Oliver & Mazelis, Falk & Motto, Roberto & Ristiniemi, Annukka, 2022. "A toolkit for computing Constrained Optimal Policy Projections (COPPs)," CEPR Discussion Papers 16865, C.E.P.R. Discussion Papers.
- Oliver de Groot & Falk Mazelis & Roberto Motto & Annukka Ristiniemi, 2021. "A Toolkit for Computing Constrained Optimal Policy Projections (COPPs)," Working Papers 202112, University of Liverpool, Department of Economics.
- Hatcher, Michael, 2022. "Solving linear rational expectations models in the presence of structural change: Some extensions," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
- Cecion, Martina & Coenen, Günter & Gerke, Rafael & Le Bihan, Hervé & Motto, Roberto & Aguilar, Pablo & Ajevskis, Viktors & Giesen, Sebastian & Albertazzi, Ugo & Gilbert, Niels & Al-Haschimi, Alexander, 2021. "The ECB’s price stability framework: past experience, and current and future challenges," Occasional Paper Series 269, European Central Bank.
- Christopher Gibbs & Nigel McClung, 2023.
"Does my model predict a forward guidance puzzle?,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 393-423, December.
- Gibbs, Christopher G. & McClung, Nigel, 2019. "Does my model predict a forward guidance puzzle?," Bank of Finland Research Discussion Papers 19/2019, Bank of Finland.
- Gibbs, Christopher G. & McClung, Nigel, 2019. "Does my model predict a forward guidance puzzle?," Bank of Finland Research Discussion Papers 19/2019, Bank of Finland.
- Stephen J. Cole & Enrique Martínez García & Eric Sims, 2023.
"Living Up to Expectations: Central Bank Credibility, the Effectiveness of Forward Guidance and Inflation Dynamics Post-Global Financial Crisis,"
Globalization Institute Working Papers
424, Federal Reserve Bank of Dallas.
- Cole, Stephen J. & Martinez-Garcia, Enrique & Sims, Eric, 2023. "Living Up to Expectations: Central Bank Credibility, the Effectiveness of Forward Guidance, and Inflation Dynamics Post-Global Financial Crisis," Working Papers and Research 2023-04, Marquette University, Center for Global and Economic Studies and Department of Economics.
- Stephen Cole & Enrique Martinez-Garcia & Eric R. Sims, 2023. "Living Up to Expectations: Central Bank Credibility, the Effectiveness of Forward Guidance, and Inflation Dynamics Post-Global Financial Crisis," NBER Working Papers 31777, National Bureau of Economic Research, Inc.
- Christopher Gibbs & Nigel McClung, 2023.
"Does my model predict a forward guidance puzzle?,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 393-423, December.
- Christopher Gibbs & Nigel McClung, 2023. "Online Appendix to "Code and data files for "Does my model predict a forward guidance puzzle?"," Online Appendices 22-197, Review of Economic Dynamics.
- Gibbs, Christopher G. & McClung, Nigel, 2019.
"Does my model predict a forward guidance puzzle?,"
Research Discussion Papers
19/2019, Bank of Finland.
- Gibbs, Christopher G. & McClung, Nigel, 2019. "Does my model predict a forward guidance puzzle?," Research Discussion Papers 19, Bank of Finland.
- repec:zbw:bofrdp:2019_019 is not listed on IDEAS
- Eskelinen, Maria & Gibbs, Christopher G. & McClung, Nigel, 2024. "Resolving new keynesian puzzles," Bank of Finland Research Discussion Papers 5/2024, Bank of Finland.
- Ida, Daisuke & Iiboshi, Hirokuni, 2021. "The interaction of forward guidance in a two-country new Keynesian model," MPRA Paper 106752, University Library of Munich, Germany.
- Harrison, Richard & Waldron, Matt, 2021. "Optimal policy with occasionally binding constraints: piecewise linear solution methods," Bank of England working papers 911, Bank of England.
- Bonciani, Dario & Oh, Joonseok, 2021. "Optimal monetary policy mix at the zero lower bound," Bank of England working papers 945, Bank of England.
- repec:zbw:bofrdp:019 is not listed on IDEAS
- Prasanna Gai & Cameron Haworth, 2024. "Alternative Monetary Policy Commitments and the Yield Curve," The Economic Record, The Economic Society of Australia, vol. 100(329), pages 137-159, June.
- Daisuke Ida & Hirokuni Iiboshi, 2021. "The international forward guidance transmission under a global liquidity trap," Papers 2103.12503, arXiv.org, revised Aug 2024.
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More about this item
Keywords
Imperfect credibility; Forward guidance; Discretion; Uncertainty; Zero lower bound;All these keywords.
JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
Statistics
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