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

The 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 discuss...

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Autores principales:	Evans, George W., Honkapohja, Seppo, 1951-
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	POLÍTICA MONETARIA TASAS DE INTERÉS BANCOS CENTRALES PRONÓSTICO DE LA ECONOMÍA BANCO DE INGLATERRA BANCO CENTRAL EUROPEO
Acceso en línea:	https://hdl.handle.net/20.500.12580/3746
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spelling	oai-20.500.12580-37462021-04-24T11:02:24Z Expectations, learning and monetary policy: an overview of recent research Evans, George W. Honkapohja, Seppo, 1951- POLÍTICA MONETARIA TASAS DE INTERÉS BANCOS CENTRALES PRONÓSTICO DE LA ECONOMÍA BANCO DE INGLATERRA BANCO CENTRAL EUROPEO The 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). 2019-11-01T00:04:37Z 2019-11-01T00:04:37Z 2009 Artículo 978-956-7421-32-9 https://hdl.handle.net/20.500.12580/3746 eng Series on Central Banking, Analysis, and Economic Policies, no. 13 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 27-76 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	POLÍTICA MONETARIA TASAS DE INTERÉS BANCOS CENTRALES PRONÓSTICO DE LA ECONOMÍA BANCO DE INGLATERRA BANCO CENTRAL EUROPEO
spellingShingle	POLÍTICA MONETARIA TASAS DE INTERÉS BANCOS CENTRALES PRONÓSTICO DE LA ECONOMÍA BANCO DE INGLATERRA BANCO CENTRAL EUROPEO Evans, George W. Honkapohja, Seppo, 1951- Expectations, learning and monetary policy: an overview of recent research
description	The 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).
format	Artículo
author	Evans, George W. Honkapohja, Seppo, 1951-
author_facet	Evans, George W. Honkapohja, Seppo, 1951-
author_sort	Evans, George W.
title	Expectations, learning and monetary policy: an overview of recent research
title_short	Expectations, learning and monetary policy: an overview of recent research
title_full	Expectations, learning and monetary policy: an overview of recent research
title_fullStr	Expectations, learning and monetary policy: an overview of recent research
title_full_unstemmed	Expectations, learning and monetary policy: an overview of recent research
title_sort	expectations, learning and monetary policy: an overview of recent research
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3746
work_keys_str_mv	AT evansgeorgew expectationslearningandmonetarypolicyanoverviewofrecentresearch AT honkapohjaseppo1951 expectationslearningandmonetarypolicyanoverviewofrecentresearch
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Expectations, learning and monetary policy: an overview of recent research

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