Sebastian Schmidt

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

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Scholarly Papers (1)

Attenuating the Forward Guidance Puzzle: Implications for Optimal Monetary Policy

FEDS Working Paper No. 2018-049
Number of pages: 45 Posted: 23 Jul 2018 Last Revised: 21 Feb 2019
Taisuke Nakata, Ryota Ogaki, Sebastian Schmidt and Paul Yoo
Board of Governors of the Federal Reserve System, University of Tokyo, European Central Bank (ECB) and University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
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Abstract:

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Discounted euler equation, Discounted phillips curve, Effective lower bound, Forward guidance, Optimal policy