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    • Publications (2)
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    • Journal Article (1)
    • Working Paper (1)
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    • Macroeconomic Research (2)
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    • Mewael Tesfaselassie (2)
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  • Experts: Mewael Tesfaselassie
  • Tags: central bank forecasts
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  1. Publication

    Shifts in the Inflation Target and Communication of Central Bank Forecasts

    01.03.2007

    In a model with forward-looking expectations, the paper examines communication of central bank forecasts when the inflation target is subject to unobserved changes. It characterizes the effect of disclosure of forecasts on inflation and output...

  2. Publication

    Central Bank Forecasts and Disclosure Policy: Why It Pays to be Optimistic

    01.01.2007

    In a model with forward-looking behavior, we study disclosure policy when a central bank has private information on the future state of the economy. We find that the effects of advance disclosure depends on the presence of uncertainty about policy...

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