Journal Article

Odyssean Forward Guidance in Monetary Policy: A Primer


Abstract: This article shows how central bank forward guidance can improve macroeconomic outcomes by altering current expectations of future inflation and output.

Keywords: FOMC; monetary policy;

JEL Classification: E52;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 2013

Issue: Q IV

Pages: 130-138