Optimal Monetary Policy in a DSGE Model with Attenuated Forward Guidance Effects
Posted: 27 Nov 2018 Last revised: 21 Feb 2019
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: 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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