Browsing Arbeidsnotater / Working Papers by Subject "Taylor rule"
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Announcements of Interest Rate Forecasts: Do Policymakers Stick to Them?
(Working Papers;11/2013, Working paper, 2013)If central banks value the ex-post accuracy of their forecasts, previously announced interest rate paths might affect the current policy rate. We explore whether this "forecast adherence" has influenced the monetary policies ... -
Monetary Policy in Real Time
(Working Papers;1/2001, Working paper, 2001)The interest rate is set by the central bank with a view to securing a nominal anchor for the economy in the long term. The setting of interest rates is based on evaluations of economic trends and the balance of risks. In ... -
Structural Factors, Unemployment and Monetary Policy: The Useful Role of the Natural Rate of Interest
(Working Papers;17/2016, Working paper, 2016)We study the role of monetary policy in response to variations in unemployment due to structural factors, modeled as exogenous changes in matching efficiency and in the size of the labor force. We find that monetary policy ...