processing rate. Although a decline of policy activism directly increases output volatility, it indirectly anchors expectations …

which of the two policy rules - contemporaneous data or expectations of current variables - better describes the policy … contemporaneous expectations over real time data. …

We find that investors' expectations of U.S. nominal yields, at different maturities and forecast horizons, exhibit …

target that is enforced based on policy makers expectations. Monetary policy on its own is not enough to ensure that the low …

to one of the rational expectations equilibria in the economy. We test these monetary policy rules in the general setup …

This paper demonstrates that the adaptive learning approach to modelling private sector expectations can be used as an … the two rational expectations equilibria is stable under least-squares learning, and that it is always the low …

learn, form their expectations, and make decisions regarding savings and production for future periods. There are no … are unexpected by agents, or if future price expectations are not adjusted exactly proportionally to the announced …, as that would require it knowing precisely the actual law of motion of the economy, current market’s expectations, and …