▽himaginaryの日記 ●12/03 15:07 2024-12-02ﾌｫﾜｰﾄﾞｶﾞｲﾀﾞﾝｽﾊﾟｽﾞﾙはﾊﾟｽﾞﾙに非ずというNBER論文が上がっている（ungated版へのﾘﾝｸがある著者の一人（ｴｶﾞｰﾄｿﾝ）のﾍﾟｰｼﾞ）｡原題は｢The Forward Guidance Puzzle is not a Puzzle｣で､著者はGauti B. Eggertsson､Finn D. Sch〓le（いずれもﾌﾞﾗｳﾝ大）｡In standard New Keynesian models, future interest rate cuts have larger effects than current cuts—this is called the forward guidance puzzle. We argue that the forward guidance puzzle is not a puzzle. We show the puz
