Now showing items 1-2 of 2

    • Essays on forward guidance 

      Akkaya, Yıldız (Bilkent University, 2014)
      This dissertation consists of three essays on forward guidance, central bank verbal guidance on future policy rates, and shows how economies respond to it both theoretically and empirically. In the first essay the effects ...
    • Information value of the interest rate and the zero lower bound 

      Lee, Sang Seok (Cambridge University Press, 2020)
      Why is a zero lower bound episode long-lasting and disruptive? This paper proposes the interruption of information flow from the central bank’s interest rate decision to the private sector as a channel by which the ...