Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

NY Fed – The Macroeconomic Effects of Forward Guidance

The Macroeconomic Effects of Forward Guidance – Marco Del Negro, Marc Giannoni, and Christina Patterson: “In this post, we quantify the macroeconomic effects of central bank announcements about future federal funds rates, or forward guidance. We estimate that a commitment to lowering future rates below market expectations can have fairly strong effects on real economic activity with only small effects on inflation.”

Sorry, comments are closed for this post.