Signalling Effects of Monetary Policy

DOI10.1093/RESTUD/RDW050MaRDI QIDQ4610842zbMATH OpenOpenAlexFDO

Authors Leonardo Melosi

Publication date 23 January 2019

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1093/restud/rdw050

zbMATH Keywords

Bayesian counterfactual analysisBayesian VARdelphic effects of monetary policydisanchoring of inflation expectationsendogenous signalsheterogeneous beliefs

Mathematics Subject Classification ID

Economics of information (91B44) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cited in

(14)

• The signaling effect of raising inflation
• Two-sided learning and short-run dynamics in a New Keynesian model of the economy
• Assessing the credibility of central bank signals: the case of transitory inflation
• Analytic policy function iteration
• Individual inflation forecasts and monetary policy announcements
• Confounding dynamics
• SIGNALING AND COMMITMENT: MONETARY VERSUS INFLATION TARGETING
• The signal extraction problem revisited: a note on its impact on a model of monetary policy
• First impressions matter: signalling as a source of policy dynamics
• The importance of hiring frictions in business cycles
• Monetary policy and the term structure of inflation expectations with information frictions
• Rational expectations models with higher-order beliefs
• Nominal rigidities, rational inattention, and the optimal monetary policy
• The Factor Structure of Disagreement

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