The Monetary Policy Credibility Channel and the Amplification Effects in a Semi-structural Model /
The paper extends a standard semi-structural model to account for nonlinear and asymmetric effects of monetary policy credibility. In our setting, central bank credibility is proportional to the deviation of inflation expectations from the announced inflation target, with positive deviations being m...
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| Övriga upphovsmän: | , |
| Materialtyp: | Tidskrift |
| Språk: | English |
| Publicerad: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2020/201 |
| Länkar: | Full text available on IMF |