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
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: Inflation (Finance); Business cycles; Monetary policy (search for similar items in EconPapers)
Date: 1997, Revised 1997
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed
Downloads: (external link)
https://www.clevelandfed.org/~/media/content/newsr ... form%20pdf.pdf?la=en Full text (application/pdf)
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)
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 ().