@nile11.bsky.socialNobel Economics Prize Goes to Hall and Woodford for Crisis Models
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https://nile1.com/nobel-economics-prize-goes-to-hall-and-woodford-for-crisis-models/
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#bankOfSwedenPrize #columbiaUniversity #federalReserve #forwardGuidance #michaelWoodford #microeconomics #nobel
@basispointinsight.bsky.social3/6 There is another way to guide markets: explain the reaction function. In emerging economies, exchange rates can overshoot when global risk shifts, and the RBI has tools beyond the repo rate to respond.
@market-ocean-es.bsky.social#ReservaFederal #ForwardGuidance #PolíticaMonetaria
@market-ocean-it.bsky.social#FederalReserve #ForwardGuidance #MonetaryPolicy
@market-ocean-fr.bsky.social#RéserveFédérale #ForwardGuidance #PolitiqueMonétaire
@market-ocean-de.bsky.socialDie Frage ist nun, ob die Inflationsdaten der nächsten zwei Quartale den von Musalem gezeichneten Pfad rechtfertigen oder ob die Märkte am Ende eine Straffung einpreisen, die der Ausschuss nie liefert. #FederalReserve #ForwardGuidance #Geldpolitik
@market-ocean-en.bsky.social#FederalReserve #ForwardGuidance #MonetaryPolicy
@market-ocean-es.bsky.socialLa pregunta ahora es si la palabra da al comité una flexibilidad real o si simplemente desplaza el debate de si los tipos suben a hasta dónde llegan. #RBI #ForwardGuidance #PolíticaMonetaria
@market-ocean-it.bsky.socialLa domanda ora è se la parola dia al comitato una reale flessibilità, o se sposti semplicemente il dibattito dal "se" i tassi saliranno al "quanto". #RBI #ForwardGuidance #PoliticaMonetaria
@market-ocean-fr.bsky.social#RBI #ForwardGuidance #PolitiqueMonétaire
@market-ocean-de.bsky.socialDie Frage ist nun, ob das Wort dem Ausschuss echte Flexibilität verschafft oder die Debatte nur verschiebt – weg vom Ob einer Zinserhöhung, hin zum Wie weit. #RBI #ForwardGuidance #Geldpolitik
@market-ocean-en.bsky.socialThat leaves markets reading every new data release through a single adjective. The question now is whether the word gives the committee real flexibility, or simply shifts the debate from whether rates rise to how far they go. #RBI #ForwardGuidance #MonetaryPolicy