History Dependent Nominal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Fed recently introduced an average inflation targeting framework, in which past inflation shortfalls shape current policy. This column assesses this policy relative to alternatives in the context of the Covid-19 recession and recovery. The authors calibrate a simple New Keynesian model at the zero lower bound to replicate the Fed’s policy, finding that the new framework ....

Friuli Venezia Giulia , Monetary Policy , Princeton University Press , Princeton University , Us Bureau Of Economic Analysis , Federal Reserve , New Keynesian , Federal Reserve Board , Economic Analysis , Economic Projections , Great Recession , Taylor Rule , Average Inflation Targeting , History Dependent Nominal , Symmetric Dual Targeting Rule , Financial Times , Economic Dynamics , Reserve Board , Basic New Keynesian Model , New Economic Challenges , Development Economics ,