The Effects of Forward Guidance in Three Macro Models

Posted: 22 Oct 2015

See all articles by Hess T. Chung

Hess T. Chung

Board of Governors of the Federal Reserve System

Date Written: February 26, 2015

Abstract

With the federal funds rate at its effective zero lower bound since the end of 2008, much attention has been focused on estimating the effects of "unconventional" monetary policy actions, such as large-scale asset purchases or explicit forward guidance concerning the future path of the funds rate.

Suggested Citation

Chung, Hess T., The Effects of Forward Guidance in Three Macro Models (February 26, 2015). FEDS Notes No. 2015-02-26-1 https://doi.org/10.17016/2380-7172.1488, Available at SSRN: https://ssrn.com/abstract=3716469

Hess T. Chung (Contact Author)

Board of Governors of the Federal Reserve System ( email )

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