Systematic policy and forward guidance

Charles Plosser ()

No 96, Speech from Federal Reserve Bank of Philadelphia

Abstract: Money Marketeers of New York University, Inc., Down Town Association, March 25, 2014, New York, NY President Charles Plosser discusses the relationship between systematic policy and forward guidance. He explains how understanding both practices can provide insights into effective monetary policy in normal and unusual times, or in extreme conditions when policy is constrained by the zero lower bound on nominal interest rates.

Keywords: Monetary policy; Forward guidance; FOMC: (search for similar items in EconPapers)
Pages: 11 pages
Date: 2014-03-25
New Economics Papers: this item is included in nep-mac and nep-mon
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