2 papers
econ.EM2023
Agreed and Disagreed Uncertainty
Luca Gambetti, Dimitris Korobilis, John Tsoukalas +1
When agents' information is imperfect and dispersed, existing measures of macroeconomic uncertainty based on the forecast error variance have two distinct drivers: the variance of…
econ.GN2020
Testing the effectiveness of unconventional monetary policy in Japan and the United States
Daisuke Ikeda, Shangshang Li, Sophocles Mavroeidis +1
Unconventional monetary policy (UMP) may make the effective lower bound (ELB) on the short-term interest rate irrelevant. We develop a theoretical model that underpins our empirica…