𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Forward-looking monetary policy and anticipated shocks to inflation

✍ Scribed by Pavel Kapinos

Book ID
111643944
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
236 KB
Volume
33
Category
Article
ISSN
0164-0704

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Explaining hump-shaped inflation respons
Explaining hump-shaped inflation responses to monetary policy shocks
✍ James Yetman πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 324 KB

## Abstract According to conventional wisdom, the output effects of a monetary policy shock commence within months of the shock, while most inflationary effects lag significantly. We demonstrate a simple model that can explain the conventional wisdom and is consistent with profit maximizing price s

Robust optimal monetary policy in a forw
Robust optimal monetary policy in a forward-looking model with parameter and shock uncertainty
✍ Marc P. Giannoni πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 315 KB

## Abstract This paper characterizes a robust optimal policy rule in a simple forward‐looking model, when the policymaker faces uncertainty about model parameters and shock processes. We show that the robust optimal policy rule is likely to involve a stronger response of the interest rate to fluctu