Attenuating the forward guidance puzzle: implications for optimal monetary policy

DOI10.1016/J.JEDC.2019.05.013zbMath1425.91329OpenAlexW3021380087MaRDI QIDQ2338392

Taisuke Nakata, Paul Yoo, Ryota Ogaki, Sebastian M. Schmidt

Publication date: 21 November 2019

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

Full work available at URL: http://hdl.handle.net/10419/208254

zbMATH Keywords

optimal policyeffective lower boundforward guidancediscounted Euler equationdiscounted Phillips curve

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (1)

Credible forward guidance

Cites Work

• Stock market conditions and monetary policy in a DSGE model for the U.S.
• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis

This page was built for publication: Attenuating the forward guidance puzzle: implications for optimal monetary policy