| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6761 |
| DP6761 Monetary Policy Inclinations | |
| Hans Gersbach; Volker Hahn | |
| 发表日期 | 2008-03-31 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We examine whether the publication of forecasts concerning the likely future conduct of monetary policy is socially desirable. Introducing a new central bank loss function that accounts for the deviations from announcements, we incorporate forecasts about future inflation and interest rates into a dynamic monetary model. We show that the announcement of future interest rates is always socially detrimental. However, medium-term inflation projections tend to increase welfare. |
| 主题 | International Macroeconomics |
| 关键词 | Central banks Commitment Ecb Federal Reserve Policy inclinations transparency |
| URL | https://cepr.org/publications/dp6761 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535599 |
| 推荐引用方式 GB/T 7714 | Hans Gersbach,Volker Hahn. DP6761 Monetary Policy Inclinations. 2008. |
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