Disciplining expectations and the forward guidance puzzle

DOI10.1016/j.jedc.2022.104336zbMath1489.91173OpenAlexW3037886564MaRDI QIDQ2136945

Falk Mazelis, Kai Christoffel, Tobias Müller, Carlos Montes-Galdón

Publication date: 16 May 2022

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp2424~a0514ad2cb.en.pdf

zbMATH Keywords

forecastingmonetary policyBayesian estimationDSGE modelsexpectations formation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Uses Software

• Dynare

Cites Work

• Fitting observed inflation expectations
• Nonlinear adventures at the zero lower bound
• What's News in Business Cycles
• The Safety Trap
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Bayesian Analysis of DSGE Models
• Measuring Expectations

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