- forward guidance about the future path of interest rates, large-scale asset purchases and spending-based fiscal stimulus - in … macroeconomic performance. Forward guidance, if fully credible, is most powerful and can largely undo the distortionary effects due … to the lower bound. A combination of imperfectly credible forward guidance, asset purchases and fiscal stimulus is almost …

-based forward guidance and yield curve control (YCC) and incorporates other policy types into the framework. The findings show that … the BOJ's forward guidance and YCC have both had a significant impact on the shadow rate. Forward guidance accounted for …

response to a future shock always becomes weaker the further away the shock is. There is no forward guidance puzzle in any … sensible general equilibrium model if forward guidance is a one-time shock in the future. The difference from the literature … arises from the underappreciated preceding peg of interest rate. The standard forward guidance exercise, of a drop in the …

We study the effect of quantitative tightening both without forward guidance and with higher for longer guidance. This …. Initially, we assume that quantitative tightening comes without forward guidance, meaning that central bank does not communicate … forward guidance which is communicated through a higher for longer pledge. In addition, this higher for longer pledge is …

monetary policy becoming available today. One example of a monetary news shock is a forward guidance announcement, where the …

there is much methodological guidance on rigorously conducting multiple case studies, it remains unclear how researchers can ….e., multiple mini case studies. In this context, we synthesise methodological guidance for multiple case study research from a …