Credible enough? Forward guidance and per-ceived National Bank of Poland’s policy rule

Pawel Baranowski and Pawel Gajewski

No 2/2015, Lodz Economics Working Papers from University of Lodz, Faculty of Economics and Sociology

Abstract: Credible forward guidance should reduce the perceived impact of macroeconomic variables on the interest rate. Using a micro-level dataset we test the perception of monetary policy in Poland among professional forecasters and find evidence for forward guidance credibility.

Keywords: minimum wages; survey data; forward guidance; Taylor rule; expectations. (search for similar items in EconPapers)
JEL-codes: E44 E52 E58 (search for similar items in EconPapers)
Date: 2015-02
New Economics Papers: this item is included in nep-cba, nep-mac, nep-mon and nep-tra
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Credible enough? Forward guidance and perceived National Bank of Poland's policy rule (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ann:wpaper:2/2015

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