TY  - GEN 
A1  - Parra-Polania, Julian Andres
DA  - 2018/01/01
PY  - 2018
UR  - https://repositorio.banrep.gov.co/handle/20.500.12134/6986
AB  - Florez-Jimenez and Parra-Polania (2016) show that unconditional forward guidance (FG)
performs poorly except in the most extreme zero lower-bound (ZLB) events and that for
any ZLB situation it is better to resort to state-dependent (threshold-based)...
U1  - 12 paginas
LA  - eng
PB  - Banco de la Republica de Colombia
T3  - Borradores de Economia
JF  - Borradores de Economia; No. 1035
M3  - Open Access
KW  - Orientacion hacia adelante
KW  - Limite inferior cero
KW  - La politica monetaria
KW  - Anuncios de la Banca Central
T1  - State-dependent Forward Guidance and the Problem of Inconsistent Announcements
KW  - E37 - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Application
KW  - E58 - Central Banks and Their Policies
KW  - E52 - Monetary Policy
KW  - Forward guidance
KW  - Zero-lower bound
KW  - Central bank announcements
KW  - Monetary policy
KW  - Threshold
KW  - Politica monetaria
KW  - Modelos economicos
KW  - E37 - Precios, fluctuaciones y ciclos economicos: Prediccion y simulacion; Modelos y aplicacion
KW  - E52 - Politica monetaria
KW  - E58 - Bancos centrales y sus politicas
DO  - https://doi.org/10.32468/be.1035
L1  - https://ideas.repec.org/p/bdr/borrec/1035.html
ER  -