Transcription of Monetary Policy Expectations at the Zero Lower Bound
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FEDERAL RESERVE BANK OF SAN FRANCISCO WORKING PAPER SERIES Monetary Policy Expectations at the zero Lower Bound Michael D. Bauer, Federal Reserve Bank of San Francisco Glenn D. Rudebusch, Federal Reserve Bank of San Francisco May 2015 Suggested citation: Bauer, Michael D. and Glenn D. Rudebusch. 2015. Monetary Policy Expectations at the zero Lower Bound . Federal Reserve Bank of San Francisco Working Paper 2013-18. The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System. Working Paper 2013-18 Monetary Policy Expectations at the zero Lower Bound Michael D.
1 Introduction Divining the path of future monetary policy has been of special interest during the Great Re-cession and its aftermath. Expectations of future monetary policy actions are commonly ob-
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Monetary Policy Framework, Monetary policy, Policy Framework, OECD, The Timing of Monetary Policy Shocks, Policy, Implications for Exchange Rates, Monetary Policy, and Policy Coordination, MID-TERM MONETARY POLICY STATEMENT, Structural Changes in the Transmission, Money, fiscal policy, and interest rates, Monetary, Monetary Policy Operations