Mean dynamics govern convergence to rational expectations equilibria of self-referential systems under least squares learning. We highlight escape dynamics that propel away from a rational expectations equilibrium under fixed-gain recursive learning ...
Cho, In-Koo, Sargent, Thomas J.
core
Money as an indicator variable for monetary policy when money demand is forward looking [PDF]
This paper studies the gain from using money as an indicator when monetary policy in made under data uncertainty. We use a forward and backward looking model, calibrated for the euro area.
Kajanoja, Lauri
core
Geography or skills: What explains Fed watchers’ forecast accuracy of US monetary policy? [PDF]
The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points ...
Berger, Helge +2 more
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Marsupialisation of a tunnel flap for a false oesophageal lumen post peroral endoscopic myotomy. [PDF]
EndoscopyAhmadzai H +6 more
europepmc +1 more source
Fiscal policy in a monetary economy with capital and finite lifetime [PDF]
This paper develops a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite lifetimes. The framework exhibits intergenerational wealth effects and is intended to investigate the macroeconomic implications ...
Annicchiarico, Barbara +2 more
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Response to comment on O'Hara et al. Understanding Patient Preferences Regarding Limb Salvage for Diabetic Foot Ulcers: A Discrete Choice Experiment. Diabetes Care 2025;48:1517-1523. [PDF]
Diabetes CareO'Hara NN, O'Hara LM, Roghmann MC.
europepmc +1 more source
The zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan [PDF]
In this paper we study the role of the exchange rate in conducting monetary policy in an economy with near-zero nominal interest rates as experienced in Japan since the mid-1990s.
Coenen, Günter, Wieland, Volker
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Volume over location: prioritizing case volume over regional distribution in ovarian cancer treatment. [PDF]
J Gynecol OncolOh BC, Kang S.
europepmc +1 more source
The topology of the federal funds market [PDF]
We explore the network topology of the federal funds market. This market is important for distributing liquidity throughout the financial system and for the implementation of monetary policy. The recent turmoil in global financial markets underscores its
Atalay, Enghin, Bech, Morten L.
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Cytological Features of Pancreatic Medullary Carcinoma Diagnosed by Endoscopic Ultrasound-Guided Fine Needle Aspiration. [PDF]
Diagn CytopatholOkawa U +4 more
europepmc +1 more source