Matches in SemOpenAlex for { <https://semopenalex.org/work/W3197884015> ?p ?o ?g. }
Showing items 1 to 95 of
95
with 100 items per page.
- W3197884015 abstract "We study zero interest-rate policy in response to a large negative demand shock when long-run expectations can fall over time. Because falling expectations make monetary policy less effective by raising real interest rates, the optimal forward guidance policy makes large front-loaded promises to stabilize expectations. Policy is too stimulatory in the event of transitory shocks, but provides insurance against persistent shocks. The optimal policy is well-approximated by a constant calendar-based forward guidance, independent of the shock’s realised persistence. The insurance property distinguishes our paper from other bounded rationality papers that solve the forward guidance puzzle and generates important quantitative differences." @default.
- W3197884015 created "2021-09-13" @default.
- W3197884015 creator A5005823268 @default.
- W3197884015 creator A5012030943 @default.
- W3197884015 creator A5068641067 @default.
- W3197884015 date "2021-01-01" @default.
- W3197884015 modified "2023-09-27" @default.
- W3197884015 title "Forward guidance with unanchored expectations" @default.
- W3197884015 hasPublicationYear "2021" @default.
- W3197884015 type Work @default.
- W3197884015 sameAs 3197884015 @default.
- W3197884015 citedByCount "0" @default.
- W3197884015 crossrefType "posted-content" @default.
- W3197884015 hasAuthorship W3197884015A5005823268 @default.
- W3197884015 hasAuthorship W3197884015A5012030943 @default.
- W3197884015 hasAuthorship W3197884015A5068641067 @default.
- W3197884015 hasConcept C121332964 @default.
- W3197884015 hasConcept C126285488 @default.
- W3197884015 hasConcept C126322002 @default.
- W3197884015 hasConcept C127413603 @default.
- W3197884015 hasConcept C138885662 @default.
- W3197884015 hasConcept C149782125 @default.
- W3197884015 hasConcept C162118730 @default.
- W3197884015 hasConcept C162324750 @default.
- W3197884015 hasConcept C175025494 @default.
- W3197884015 hasConcept C175444787 @default.
- W3197884015 hasConcept C17744445 @default.
- W3197884015 hasConcept C185824701 @default.
- W3197884015 hasConcept C187320778 @default.
- W3197884015 hasConcept C199539241 @default.
- W3197884015 hasConcept C201717286 @default.
- W3197884015 hasConcept C202655504 @default.
- W3197884015 hasConcept C2779662365 @default.
- W3197884015 hasConcept C2780813799 @default.
- W3197884015 hasConcept C2781009140 @default.
- W3197884015 hasConcept C2781300812 @default.
- W3197884015 hasConcept C41895202 @default.
- W3197884015 hasConcept C556758197 @default.
- W3197884015 hasConcept C58694771 @default.
- W3197884015 hasConcept C62520636 @default.
- W3197884015 hasConcept C71924100 @default.
- W3197884015 hasConcept C88583849 @default.
- W3197884015 hasConceptScore W3197884015C121332964 @default.
- W3197884015 hasConceptScore W3197884015C126285488 @default.
- W3197884015 hasConceptScore W3197884015C126322002 @default.
- W3197884015 hasConceptScore W3197884015C127413603 @default.
- W3197884015 hasConceptScore W3197884015C138885662 @default.
- W3197884015 hasConceptScore W3197884015C149782125 @default.
- W3197884015 hasConceptScore W3197884015C162118730 @default.
- W3197884015 hasConceptScore W3197884015C162324750 @default.
- W3197884015 hasConceptScore W3197884015C175025494 @default.
- W3197884015 hasConceptScore W3197884015C175444787 @default.
- W3197884015 hasConceptScore W3197884015C17744445 @default.
- W3197884015 hasConceptScore W3197884015C185824701 @default.
- W3197884015 hasConceptScore W3197884015C187320778 @default.
- W3197884015 hasConceptScore W3197884015C199539241 @default.
- W3197884015 hasConceptScore W3197884015C201717286 @default.
- W3197884015 hasConceptScore W3197884015C202655504 @default.
- W3197884015 hasConceptScore W3197884015C2779662365 @default.
- W3197884015 hasConceptScore W3197884015C2780813799 @default.
- W3197884015 hasConceptScore W3197884015C2781009140 @default.
- W3197884015 hasConceptScore W3197884015C2781300812 @default.
- W3197884015 hasConceptScore W3197884015C41895202 @default.
- W3197884015 hasConceptScore W3197884015C556758197 @default.
- W3197884015 hasConceptScore W3197884015C58694771 @default.
- W3197884015 hasConceptScore W3197884015C62520636 @default.
- W3197884015 hasConceptScore W3197884015C71924100 @default.
- W3197884015 hasConceptScore W3197884015C88583849 @default.
- W3197884015 hasLocation W31978840151 @default.
- W3197884015 hasOpenAccess W3197884015 @default.
- W3197884015 hasPrimaryLocation W31978840151 @default.
- W3197884015 hasRelatedWork W1125893922 @default.
- W3197884015 hasRelatedWork W1536570864 @default.
- W3197884015 hasRelatedWork W1564406252 @default.
- W3197884015 hasRelatedWork W1566153497 @default.
- W3197884015 hasRelatedWork W2238593463 @default.
- W3197884015 hasRelatedWork W2256442366 @default.
- W3197884015 hasRelatedWork W2296810653 @default.
- W3197884015 hasRelatedWork W2470409259 @default.
- W3197884015 hasRelatedWork W267542940 @default.
- W3197884015 hasRelatedWork W2930592289 @default.
- W3197884015 hasRelatedWork W2969240142 @default.
- W3197884015 hasRelatedWork W3121368912 @default.
- W3197884015 hasRelatedWork W3122007025 @default.
- W3197884015 hasRelatedWork W3122077694 @default.
- W3197884015 hasRelatedWork W3122476557 @default.
- W3197884015 hasRelatedWork W3123462394 @default.
- W3197884015 hasRelatedWork W3123856916 @default.
- W3197884015 hasRelatedWork W3124131250 @default.
- W3197884015 hasRelatedWork W3124520615 @default.
- W3197884015 hasRelatedWork W3144468014 @default.
- W3197884015 isParatext "false" @default.
- W3197884015 isRetracted "false" @default.
- W3197884015 magId "3197884015" @default.
- W3197884015 workType "article" @default.