E - Macroeconomics and Monetary Economics
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A Horse Race of Monetary Policy Regimes: An Experimental Investigation
Staff Working Paper 2022-33 Olena Kostyshyna, Luba Petersen, Jing YangHow should central banks design monetary policy in stable times and during recessions? We run a horse race between five monetary policy frameworks in an experimental laboratory to assess how well the different approaches can manage the public’s expectations and stabilize the economy.Content Type(s): Staff research, Staff working papers Topic(s): Inflation targets, Monetary policy, Monetary policy communications, Monetary policy framework JEL Code(s): C, C9, D, D8, D84, E, E5, E52, E58
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