Fed: 'Emergence of Forward Guidance As a Monetary Policy Tool'
May 18, 2021
May 18, 2021
WASHINGTON, May 18 -- The Federal Reserve issued the following 59-page white paper (No. 2021-033) in May 2021 entitled "The Emergence of Forward Guidance As a Monetary Policy Tool".
The white paper was authored by Edward Nelson, senior adviser in the program direction section.
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Here are excerpts:
Abstract
Forward guidance--the issuance by a central bank of public statements concerning the likely future settings of it . . .
The white paper was authored by Edward Nelson, senior adviser in the program direction section.
* * *
Here are excerpts:
Abstract
Forward guidance--the issuance by a central bank of public statements concerning the likely future settings of it . . .