FORWARD GUIDANCE AND THE STATE OF THE ECONOMY.

This paper analyzes forward guidance in a nonlinear model with a zero lower bound (ZLB) on the nominal interest rate. Forward guidance is modeled with news shocks to the monetary policy rule, which capture innovations in expectations from central bank communication about future policy rates. Whereas...

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Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 55; no. 4; pp. 1593 - 1625
Autores principales:	Keen, Benjamin D., Richter, Alexander W., Throckmorton, Nathaniel A.
Formato:	Artículo
Publicado:	Wiley-Blackwell Oct2017
Materias:	Recessions Households Nonlinear statistical models Monetary policy United States gross domestic product
Acceso en línea:	Ver este registro en EBSCOhost