Average inflation targeting and household expectations

O Coibion, Y Gorodnichenko… - Journal of Political …, 2023 - journals.uchicago.edu
Using a daily survey of US households, we study how the Federal Reserve's announcement
of its new strategy of average inflation targeting affected households' expectations. Starting …

Distributional effects of monetary policy

V Bonifacio, L Brandao-Marques, N Budina… - … Challenges for Europe …, 2022 - Springer
As central banks across the globe have responded to the COVID-19 shock by rounds of
extensive monetary loosening, concerns about their inequality impact have grown. But rising …

[PDF][PDF] Minority unemployment, inflation, and monetary policy

M Lee, C Macaluso… - Federal Reserve Bank of …, 2021 - bencebardoczy.com
Persistent income inequality between Black and white households has generated a
vigorous debate on what policy instruments may be effective to reduce such disparities. One …

Cyclical demand shifts and cost of living inequality

J Orchard - Available at SSRN 4033572, 2022 - papers.ssrn.com
This paper studies how income level inflation rates vary over the course of the business
cycle and documents two new facts:(1) during recessions prices rise more for products …

[HTML][HTML] The Federal Reserve's review of its monetary policy framework: A roadmap

D Altig, J Fuhrer, MP Giannoni, T Laubach - 2020 - federalreserve.gov
In early 2019, the Federal Open Market Committee (FOMC or the Committee) launched a
comprehensive review of its monetary policy framework (MPF)—the strategies, tools, and …

Heterogeneity and monetary policy: A thematic review

F Alves, C Bustamante, X Guo, K Kartashova, S Lee… - 2022 - econstor.eu
The heterogeneity of businesses and households impacts aggregate economic fluctuations
and, in turn, is shaped by aggregate fluctuations. This view has emerged over the last …

Monetary Policy Strategies to Foster Price Stability and a Strong Labor Market

MT Kiley - 2024 - papers.ssrn.com
I assess monetary policy strategies to foster price stability and labor market strength. The
assessment incorporates a range of challenges, including uncertainty regarding the …

Make-up strategies with incomplete markets and bounded rationality

M Dobrew, R Gerke, S Giesen, J Röttger - 2023 - papers.ssrn.com
We study the impact of market incompleteness and bounded rationality on the effectiveness
of make-up strategies. To do so, we simulate a heterogeneous-agent New Keynesian …

Canvas: A canadian behavioral agent-based model

CH Hommes, M He, S Poledna, M Siqueira, Y Zhang - 2022 - econstor.eu
We develop a Canadian behavioral agent-based model (CANVAS) that utilizes Canadian
micro-and macroeconomic data for forecasting and policy analysis. CANVAS represents a …

Monetary Policy, Employment Shortfalls, and the Natural Rate Hypothesis

MT Kiley - 2024 - federalreserve.gov
Activity shortfalls are more costly than strong activity. I consider optimal monetary policy
under discretion with an asymmetric (activity shortfalls) loss function. The model satisfies the …