Monetary Policy Inclinations
研究了中央银行是否应在通胀预测之外补充利率预测，发现发布利率预测在成本推动冲击下能改善福利。
We examine whether central banks should complement their inflation forecasts with interest rate projections. Introducing a central bank loss function that accounts for deviations from announcements, we incorporate the publication of policy inclinations into a dynamic monetary model. We show that in the presence of cost-push shocks, the publication of interest rate forecasts tends to improve welfare.