measures, resulting from the new model, can be used to implement joint risk scenario analysis …

We propose to regard the central banker as a risk manager who aims to contain inflation within pre-specified bounds. We … develop formal tools of risk management that may be used to quantify and forecast the risks of failing to attain that … objective. We illustrate the use of these risk measures in practice. First, we demonstrate the usefulness of risk forecasts in …

Using regionally disaggregated data on economic activity, we show that risk sharing plays a key role in shaping the … real effects of monetary policy. With weak risk sharing, monetary policy shocks trigger a strong and durable response in … output. With strong risk sharing, the response is attenuated, and output reverts to its initial level over the medium term …

scenario might arise. In such a case, the United States faces a potentially high inflation rate scenario.This study draws … insights from similar historical precedents and aims to model inflation as a function of macroeconomic variables- namely … percentage-inflation already exceeds forecast estimates in absence of a pandemic scenario. Recognising transmission lags from …

Recent interest in 'Risk Management' has highlighted the relevance of Bayesian analysis for robust monetary … methodology to three simple interest-rate rules: inflation-forecast-based (IFB) rules with a discrete forward horizon, one … targeting a discounted sum of forward inflation, and a current wage inflation rule. We use an estimated DSGE model of the euro …

As projections have inflation heading back toward target and the labor market continuing to improve, the Federal … Reserve communications and estimated policy reaction functions to show that risk management is a longstanding practice in the …

Using regionally disaggregated data on economic activity, we show that risk sharing plays a key role in shaping the … real effects of monetary policy. With weak risk sharing, monetary policy shocks trigger a strong and durable response in … output. With strong risk sharing, the response is attenuated, and output reverts to its initial level over the medium term …

Many argue that, in the presence of a lower bound on nominal interest rates, central banks should use a risk management …

Many argue that, because the outlook for the economy is uncertain, monetary policy should apply a risk management …