Matches in SemOpenAlex for { <https://semopenalex.org/work/W3206962190> ?p ?o ?g. }
Showing items 1 to 85 of
85
with 100 items per page.
- W3206962190 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.
- W3206962190 created "2021-10-25" @default.
- W3206962190 creator A5005823268 @default.
- W3206962190 creator A5068641067 @default.
- W3206962190 creator A5087685676 @default.
- W3206962190 date "2021-08-31" @default.
- W3206962190 modified "2023-09-23" @default.
- W3206962190 title "Forward Guidance with Unanchored Expectations" @default.
- W3206962190 hasPublicationYear "2021" @default.
- W3206962190 type Work @default.
- W3206962190 sameAs 3206962190 @default.
- W3206962190 citedByCount "0" @default.
- W3206962190 crossrefType "posted-content" @default.
- W3206962190 hasAuthorship W3206962190A5005823268 @default.
- W3206962190 hasAuthorship W3206962190A5068641067 @default.
- W3206962190 hasAuthorship W3206962190A5087685676 @default.
- W3206962190 hasConcept C121332964 @default.
- W3206962190 hasConcept C126285488 @default.
- W3206962190 hasConcept C126322002 @default.
- W3206962190 hasConcept C138885662 @default.
- W3206962190 hasConcept C162118730 @default.
- W3206962190 hasConcept C162324750 @default.
- W3206962190 hasConcept C175025494 @default.
- W3206962190 hasConcept C175444787 @default.
- W3206962190 hasConcept C17744445 @default.
- W3206962190 hasConcept C185824701 @default.
- W3206962190 hasConcept C199539241 @default.
- W3206962190 hasConcept C201717286 @default.
- W3206962190 hasConcept C202655504 @default.
- W3206962190 hasConcept C2779662365 @default.
- W3206962190 hasConcept C2780813799 @default.
- W3206962190 hasConcept C2781300812 @default.
- W3206962190 hasConcept C41895202 @default.
- W3206962190 hasConcept C556758197 @default.
- W3206962190 hasConcept C58694771 @default.
- W3206962190 hasConcept C62520636 @default.
- W3206962190 hasConcept C71924100 @default.
- W3206962190 hasConcept C88583849 @default.
- W3206962190 hasConceptScore W3206962190C121332964 @default.
- W3206962190 hasConceptScore W3206962190C126285488 @default.
- W3206962190 hasConceptScore W3206962190C126322002 @default.
- W3206962190 hasConceptScore W3206962190C138885662 @default.
- W3206962190 hasConceptScore W3206962190C162118730 @default.
- W3206962190 hasConceptScore W3206962190C162324750 @default.
- W3206962190 hasConceptScore W3206962190C175025494 @default.
- W3206962190 hasConceptScore W3206962190C175444787 @default.
- W3206962190 hasConceptScore W3206962190C17744445 @default.
- W3206962190 hasConceptScore W3206962190C185824701 @default.
- W3206962190 hasConceptScore W3206962190C199539241 @default.
- W3206962190 hasConceptScore W3206962190C201717286 @default.
- W3206962190 hasConceptScore W3206962190C202655504 @default.
- W3206962190 hasConceptScore W3206962190C2779662365 @default.
- W3206962190 hasConceptScore W3206962190C2780813799 @default.
- W3206962190 hasConceptScore W3206962190C2781300812 @default.
- W3206962190 hasConceptScore W3206962190C41895202 @default.
- W3206962190 hasConceptScore W3206962190C556758197 @default.
- W3206962190 hasConceptScore W3206962190C58694771 @default.
- W3206962190 hasConceptScore W3206962190C62520636 @default.
- W3206962190 hasConceptScore W3206962190C71924100 @default.
- W3206962190 hasConceptScore W3206962190C88583849 @default.
- W3206962190 hasOpenAccess W3206962190 @default.
- W3206962190 hasRelatedWork W1508204007 @default.
- W3206962190 hasRelatedWork W1567434619 @default.
- W3206962190 hasRelatedWork W1581338123 @default.
- W3206962190 hasRelatedWork W2053953097 @default.
- W3206962190 hasRelatedWork W2093189920 @default.
- W3206962190 hasRelatedWork W2167703295 @default.
- W3206962190 hasRelatedWork W2342947627 @default.
- W3206962190 hasRelatedWork W2509224326 @default.
- W3206962190 hasRelatedWork W2625833932 @default.
- W3206962190 hasRelatedWork W2904142223 @default.
- W3206962190 hasRelatedWork W3026490094 @default.
- W3206962190 hasRelatedWork W3111585680 @default.
- W3206962190 hasRelatedWork W3121470282 @default.
- W3206962190 hasRelatedWork W3122849738 @default.
- W3206962190 hasRelatedWork W3122890867 @default.
- W3206962190 hasRelatedWork W3124634125 @default.
- W3206962190 hasRelatedWork W3125087193 @default.
- W3206962190 hasRelatedWork W3147610741 @default.
- W3206962190 hasRelatedWork W3155175218 @default.
- W3206962190 hasRelatedWork W3124053823 @default.
- W3206962190 isParatext "false" @default.
- W3206962190 isRetracted "false" @default.
- W3206962190 magId "3206962190" @default.
- W3206962190 workType "article" @default.