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Odyssean Forward Guidance in Monetary Policy: A Primer

Author

Listed:
  • Jeffrey R. Campbell

Abstract

This article shows how central bank forward guidance can improve macroeconomic outcomes by altering current expectations of future inflation and output.

Suggested Citation

  • Jeffrey R. Campbell, 2013. "Odyssean Forward Guidance in Monetary Policy: A Primer," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q IV, pages 130-138.
    • Handle: RePEc:fip:fedhep:00001
    as

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    File URL: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2013/4Q2013_part1_campbell.pdf
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    Citations

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    Cited by:

    1. Julián Caballero & Blaise Gadanecz, 2023. "Did interest rate guidance in emerging markets work?," BIS Working Papers 1080, Bank for International Settlements.
    2. Arto Kovanen, 2019. "Perspectives From the Past for the Federal Reserve¡¯s Monetary Policy and Communication," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(1), pages 31-51, January.
    3. Jeffrey R. Campbell & Jacob P. Weber, 2018. "Open Mouth Operations," Working Paper Series WP-2018-3, Federal Reserve Bank of Chicago.

    More about this item

    Keywords

    FOMC; monetary policy;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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