python
Log in to follow3 published entries by 1 member, in Inflation Targeting and Expectations, Monetary Policy Rules and the Policy Stance, Unconventional Monetary Policy
The 2021–2023 test
What drove the inflation surge, whether the anchor held, what the fast disinflation showed, how the frameworks changed, and an exercise on expectations data.
Lessons and open questions
What the toolkit can deliver, its side effects, the argument that it stayed on too long after 2021, how the frameworks changed, and an exercise on balance sheet data.
Rules in practice: Fed, ECB and SNB
How three central banks describe their own frameworks, how they use rules without following them, and how to compute a prescription yourself.