In this paper we analyze whether central bank communication can facilitate the
understanding of key economic concepts. Using survey data for consumers and …

We combine questions from the Michigan Survey about future inflation, unemployment, and
interest rates to investigate whether households are aware of the basic features of US …

This article examines if professional forecasters form their expectations regarding the policy
rate of the European Central Bank (ECB) consistent with the Taylor rule. In doing so, we …

Based on the argument that monetary policy credibility can reduce the fear of floating, we
analyze this hypothesis for a set of 47 countries (of which, 32 are developing countries, 26 …

The Fed and the market often disagree about the path of interest rates. We measure this
disagreement using gaps between the Greenbook and the Blue Chip forecasts for future …

We use the ECB's Survey of Professional Forecaster to show that euro area expectations are
consistent with standard macroeconomic building blocks such as the Phillips curve, Okun's …

This study empirically investigates a monetary policy reaction function for South Asian
economies by incorporating financial stability as an additional policy objective in the central …

This paper explores the influence of Taylor rule deviations on the Deutschmark-Dollar and
Yen-Dollar real exchange rate. Taylor rule deviations occur if the short term interest rate …

We estimate forward-looking interest rate reaction functions in the spirit of Taylor (1993) for
four major central banks augmented by implicit volatilities of stock market indices to proxy …

Based on the argument that monetary policy credibility can reduce the fear of floating (FF),
we analyze this hypothesis for Brazil. Since expectations play a key role under Inflation …