First impressions matter: Signalling as a source of policy dynamics
We provide the first direct empirical support for the importance of signalling in monetary policy by testing two key predictions from a novel structural model. First, all policymaker types should become less tough on inflation over time and secondly, types that weigh output more should have a more p...
| Główni autorzy: | , |
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| Format: | Journal article |
| Wydane: |
Oxford University Press
2016
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