Optimal Monetary Policy in a DSGE Model with Attenuated Forward Guidance Effects

Posted: 27 Nov 2018 Last revised: 21 Feb 2019

See all articles by Hess Chung

Hess Chung

Indiana University Bloomington - Department of Economics

Taisuke Nakata

Board of Governors of the Federal Reserve System

Matthias O. Paustian

Board of Governors of the Federal Reserve System

Date Written: 2018-10-19

Abstract

In this article, we explore the implications of attenuating the power of forward guidance for the optimal conduct of forward guidance policy in a quantitative DSGE model of the U.S. economy.

Suggested Citation

Chung, Hess and Nakata, Taisuke and Paustian, Matthias O., Optimal Monetary Policy in a DSGE Model with Attenuated Forward Guidance Effects (2018-10-19). FED Notes No. 2018-10-19. Available at SSRN: https://ssrn.com/abstract=3290114 or http://dx.doi.org/10.17016/2380-7172.2264

Hess Chung (Contact Author)

Indiana University Bloomington - Department of Economics ( email )

304 Wylie Hall
Bloomington, IN 47405-6620
United States

Taisuke Nakata

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Matthias O. Paustian

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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