Learning, uncertainty and central bank activism in an economy with strategic interactions. by Ellison, M, Valla, N

“…In this paper we examine the optimal level of central bank activism in a standard model of monetary policy with uncertainty, learning and strategic interactions. …”

Learning, uncertainty and central bank activism in an economy with strategic interactions. by Ellison, M, Valla, N

“…In this paper we examine the optimal level of central bank activism in a standard model of monetary policy with uncertainty, learning and strategic interactions. …”

Essays on the implementation of monetary policy by Brassil, A

Subjects: “…Central Banking…”

Inflation and output volatility under asymmetric incomplete information. by Carboni, G, Ellison, M

“…We assume that the central bank has better information about its objectives than the private sector, and that the private sector has better information about shocks than the central bank. …”

Essays on unconventional monetary policy and long-term government debt by Tischbirek, A

“…<p>This thesis studies the optimal conduct of unconventional monetary policy in the form of purchases of long-term government debt by the central bank and, motivated by this policy tool, the evolution of long-term government debt holdings in household portfolios over the course of the life cycle. …”

Inflation and output volatility under asymmetric incomplete information. by Carboni, G, Ellison, M

“…We assume that the central bank has better information about its objectives than the private sector, and that the private sector has better information about shocks than the central bank. …”

Unconventional government debt purchases as a supplement to conventional monetary policy by Ellison, M, Tischbirek, A

“…In response to the Great Financial Crisis, the Federal Reserve, the Bank of England and many other central banks have adopted unconventional monetary policy instruments. …”

Essays in macroeconomics and machine learning by Ashwin, J

“…I use an unsupervised topic model to quantify the focus of central bank communication and economic news media. I offer an explanation for the variation of this focus over time, and identify a robust co-movement between central bank and media focus. …”

Learning by disinflating by Ellison, M, Ellison, M, Barnett, A

“…We build a model where both the policymaker and private agents learn, and ask what happens if the poicymaker has to disinflate to satisfy a new central bank mandate specifying greater emphasis on inflation stabilisation. …”

Learning by Disinflating. by Ellison, M, Barnett, A

“…We build a model where both the policymaker and private agents learn, and ask what happens if the poicymaker has to disinflate to satisfy a new central bank mandate specifying greater emphasis on inflation stabilisation. …”

The learning cost of interest rate reversals. by Ellison, M

“…Many central banks in many time periods have sought to avoid interest rate reversals, but at present there is no good explanation of this phenomenon. …”