Results 131 to 140 of about 194,555 (166)
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2018
We propose a novel framework where forward guidance (FG) is endogenously determined. Our model assumes that a monetary authority solves an optimal policy problem under commitment at the zero-lower bound. FG derives from two sources: 1. from commiting to keep interest rates low at the exit of the liquidity trap, to stabilize inflation today. 2.
Chafwehé, Boris +3 more
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We propose a novel framework where forward guidance (FG) is endogenously determined. Our model assumes that a monetary authority solves an optimal policy problem under commitment at the zero-lower bound. FG derives from two sources: 1. from commiting to keep interest rates low at the exit of the liquidity trap, to stabilize inflation today. 2.
Chafwehé, Boris +3 more
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Odyssean forward guidance in normal times
Journal of Economic Dynamics and Control, 2023zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Maliar, Lilia, Taylor, John B.
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, 2023 Tax policy primarily aims to raise revenue to service public debt and finance government services and transfers. Tax policymakers often claim it can be used to pursue other goals like increased economic growth and desirable consumption behaviours. This paper explores how tax policy can be used to foster innovation and health outcomes, in search of a ...
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SSRN Electronic Journal, 2017
We explore the effects of forward guidance at the zero lower bound when there is uncertainty over the lift-off date arising from: (i) the imperfect credibility of time-inconsistent forward-guidance promises; (ii) incomplete communication. We use a simple New Keynesian model to demonstrate that a forward guidance announcement to delay lift-off may be no
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We explore the effects of forward guidance at the zero lower bound when there is uncertainty over the lift-off date arising from: (i) the imperfect credibility of time-inconsistent forward-guidance promises; (ii) incomplete communication. We use a simple New Keynesian model to demonstrate that a forward guidance announcement to delay lift-off may be no
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Threshold-based forward guidance
Journal of Economic Dynamics and Control, 2018zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Boneva, Lena +2 more
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Four Forward‐looking Guidance Points
Developing World Bioethics, 2001Four key guidance points in the UNAIDS guidance document, Ethical Considerations in HIV Preventive Vaccine Research, are compared with analogous statements in three other recently issued documents dealing with international research. Those documents are: the Declaration of Helsinki, as revised in 2000; the report of the U.S. National Bioethics Advisory
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Temptation and forward-guidance
Journal of Economic Theory, 2020zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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2014
Until about more than a decade ago, central banks were traditionally run by individual governors. However that trend has changed and countries have started to establish monetary policy committees. Potential disadvantage of an individualistic committee (i.e., through voting) over collegial decision making is the possibility of confusing the markets by ...
Gamze Demiray +2 more
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Until about more than a decade ago, central banks were traditionally run by individual governors. However that trend has changed and countries have started to establish monetary policy committees. Potential disadvantage of an individualistic committee (i.e., through voting) over collegial decision making is the possibility of confusing the markets by ...
Gamze Demiray +2 more
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2013
Presented at the Stanford Institute for Economic Policy Research’s (SIEPR) Associates Meeting, Stanford, CA, February 12 ...
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Presented at the Stanford Institute for Economic Policy Research’s (SIEPR) Associates Meeting, Stanford, CA, February 12 ...
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2019
We propose a novel framework where forward guidance (FG) is endogenously determined. Our model assumes that a monetary authority solves an optimal policy problem under commitment at the zero-lower bound. FG derives from two sources: 1. from commiting to keep interest rates low at the exit of the liquidity trap, to stabilize inflation today. 2.
openaire +1 more source
We propose a novel framework where forward guidance (FG) is endogenously determined. Our model assumes that a monetary authority solves an optimal policy problem under commitment at the zero-lower bound. FG derives from two sources: 1. from commiting to keep interest rates low at the exit of the liquidity trap, to stabilize inflation today. 2.
openaire +1 more source