C9 - Design of Experiments - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T08:27:43+00:00Expectations and Monetary Policy: Experimental Evidence
https://www.bankofcanada.ca/2013/11/working-paper-2013-44/
The effectiveness of monetary policy depends, to a large extent, on market expectations of its future actions. In a standard New Keynesian business-cycle model with rational expectations, systematic monetary policy reduces the variance of inflation and the output gap by at least two-thirds.2013-11-22T10:26:12+00:00enExpectations and Monetary Policy: Experimental Evidence2013-11-22Business fluctuations and cyclesMonetary policy implementationMonetary policy transmissionWorking Paper 2013-44https://www.bankofcanada.ca/wp-content/uploads/2013/11/wp2013-44.pdfExpectations and Monetary Policy: Experimental EvidenceOleksiy KryvtsovLuba PetersenNovember 2013CC9DD8D84EE3E5E52