Working Paper
The Optimal Monetary Policy Response to Belief Distortions: Model-Free Evidence
Abstract: Data suggest that monetary policy should ease to offset inflation over-pessimism among households.
JEL Classification: E52; E30; D84; E70;
https://doi.org/10.18651/RWP2025-04.
Access Documents
File(s):
File format is application/pdf
https://www.kansascityfed.org/documents/10958/rwp25-04adamstaipliadis.pdf
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Kansas City
Part of Series: Research Working Paper
Publication Date: 2025-06-23
Number: RWP 25-04