Discussion Paper
The Effects of Forward Guidance in Three Macro Models
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.
https://doi.org/10.17016/2380-7172.1488
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2015-02-26
Number: 2015-02-26-1
Order Number: 2015-02-26-1