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022 _a13504851
040 _aMSU
_cMSU
_erda
_bEnglish
050 0 0 _aHB1.A666 APP
100 1 _aBrzoza-Brzezina, Michal
_eauthor
245 1 0 _aHow forward-looking are central banks?:
_bSome evidence from their forecasts/
_ccreated by Michal Brzoza-Brzezina, Jacek Kotłowski and Agata Miśkowiec
264 1 _aNew York:
_bTaylor and Francis,
_c2013.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aApplied economics letters
_vVolume 20, number 2
520 3 _aWe estimate forward-looking Taylor rules on data from macroeconomic forecasts of three central banks in order to determine the extent to which these banks are forward-looking. We find that all three banks are to some extent forward-looking, albeit to a varying degree. In general, the horizons for inflation seem to be longer than for output. We also find that central banks prefer to concentrate on one particular horizon rather than take into account the whole forecast.
650 _aTargeting rules
_vForward looking monetary policy
_xCentral bank forecasts
700 1 _aKotłowski, Jacek
_eco author
700 1 _aMiśkowiec, Agata
_eco author
856 _uhttps://doi.org/10.1080/13504851.2012.684780
942 _2lcc
_cJA
999 _c162746
_d162746