Expectations, learning and monetary policy: an overview of recent research

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dc.contributor.authorEvans, George W.
dc.contributor.authorHonkapohja, Seppo, 1951-
dc.date.accessioned2019-11-01T00:04:37Z
dc.date.available2019-11-01T00:04:37Z
dc.date.issued2009
dc.descriptionThe conduct of monetary policy in terms of interest rate or other rules has been extensively studied in recent research. This literature gives a central role to forecasts of future inflation and output, and the question of whether monetary policy should be forward- ooking has been subject to discussion and debate. The Bank of England and the European Central Bank include private sector forecasts and internal macroeconomic projections in their periodic reports (Bank of England, 2007, European Central Bank, 2007). Empirical evidence on Germany, Japan, and the United States since 1979 similarly suggests that central banks are forward-looking in practice (Clarida, Galí, and Gertler, 1998).
dc.file.nameBCCh-sbc-v13-p027_076
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 27-76
dc.identifier.isbn978-956-7421-32-9
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3746
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking, Analysis, and Economic Policies, no. 13
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA MONETARIAes_ES
dc.subjectTASAS DE INTERÉSes_ES
dc.subjectBANCOS CENTRALESes_ES
dc.subjectPRONÓSTICO DE LA ECONOMÍAes_ES
dc.subjectBANCO DE INGLATERRAes_ES
dc.subjectBANCO CENTRAL EUROPEOes_ES
dc.titleExpectations, learning and monetary policy: an overview of recent research
dc.type.docArtículo

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