Philippe Andrade
Biographic Data
| ID | 8760509 |
|---|---|
| NAME | Philippe Andrade |
| GIVEN NAMES | Philippe |
| FAMILY NAME | Andrade |
| SIGNATURE | ANDRADE P |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2019 |
| LATEST PUBLICATION YEAR | 2019 |
| H-INDEX | 0 |
Forward Guidance and Heterogeneous Beliefs
Central banks’ announcements that rates are expected to remain low could signal either a weak macroeconomic outlook, which would slow expenditures, or a more accommodative stance, which may stimulate economic activity. We use the Survey of Professional Forecasters to show that, when the Fed gave guidance between 2011:III and 2012:IV, these two interpretations coexisted despite a consensus on low expected rates. We rationalize these facts in a New…
No prominent works on this page.
Forward Guidance and Heterogeneous Beliefs
Central banks’ announcements that rates are expected to remain low could signal either a weak macroeconomic outlook, which would slow expenditures, or a more accommodative stance, which may stimulate economic activity. We use the Survey of Professional Forecasters to show that, when the Fed gave guidance between 2011:III and 2012:IV, these two interpretations coexisted despite a consensus on low expected rates. We rationalize these facts in a New…
Central bank (1 work) · Economics (1 work) · Fiscal Policies and Political Economy (1 work) · Keynesian economics (1 work) · Market Dynamics and Volatility (1 work) · Monetary economics (1 work) · Monetary policy (1 work) · Monetary Policy and Economic Impact (1 work) · New Keynesian economics (1 work) · Optimism (1 work)