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...
| Asıl Yazarlar: | , |
|---|---|
| Materyal Türü: | Journal article |
| Baskı/Yayın Bilgisi: |
Oxford University Press
2016
|