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Discussion Paper

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


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.

https://doi.org/10.17016/2380-7172.2264

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2018-10-19

Number: 2018-10-19