Construct · 1 fields · 1 citations

forward guidance: a standalone construct

One name. One construct. A landmark on the map.

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forwardguidance1 CONSTRUCTForward guidanceCAMPBELL · MACROECONOMICS

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Macroeconomics

central bank communication about the likely future path of policy rates, used to shape expectations.

In macroeconomics, forward guidance refers to central bank communication about the likely future path of policy rates, used to shape expectations. This meaning comes from Campbell (2012) in Brookings Papers on Economic Activity.[1]

Unit
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Nearby constructs

Delphic and Odyssean forward guidance1 fields · 1 citationsanchor · a standalone constructbank1 fields · 1 citationsanchor · a standalone constructforward guidance puzzle1 fields · 1 citationsanchor · a standalone construct

References

  1. Campbell, J. R., Evans, C. L., Fisher, J. D. M., & Justiniano, A. (2012). Macroeconomic Effects of Federal Reserve Forward Guidance. Brookings Papers on Economic Activity, 2012(1), 1-80. https://doi.org/10.1353/eca.2012.0004

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