Expectations, credibility, and disinflation in a small macroeconomic model

Chan Guk Huh and Kevin Lansing

No 9713, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: A study of the effects of expectations and central bank credibility on the economy's dynamic transition path during a disinflation. Using a version of the Fuhrer-Moore model, it compares simulations under different specifications that vary according to the way expectations are formed and the degree of central bank credibility.

Keywords: Monetary policy; Inflation (Finance); Business cycles (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://doi.org/10.26509/frbc-wp-199713 Persistent link
https://www.clevelandfed.org/-/media/project/cleve ... disinflation-pdf.pdf Full Text (application/pdf)

Related works:
Journal Article: Expectations, credibility, and disinflation in a small macroeconomic model (2000)
Working Paper: Expectations, credibility, and disinflation in a small macroeconomic model (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwp:9713

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers (Old Series) from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library ().