Forward guidance and expectation formation: A narrative approach

Travel Guidance for People with Diabetes; A Narrative Review

Diabetes is a disease which occurs by lack of insulin production or its inappropriate function.  Patients with diabetes who take insulin suffer from high blood sugar and face unique challenges while travelling as their schedules for insulin dosage and blood sugar regulation change. Therefore they need to organize carefully how they have to travel, instruments they should take, the actions...

The Forward Guidance Puzzle

With short-term interest rates at the zero lower bound, forward guidance has become a key tool for central bankers, and yet we know little about its effectiveness. This paper first empirically documents the impact of forward guidance announcements on a broad cross section of financial markets data and professional forecasts. We find that FOMC announcements containing forward guidance had hetero...

Expectation Maximization of Forward Decoding Kernel Machines

Forward Guidance without Common Knowledge*

What are the effects of forward guidance or, more generally, of news about the future? Workhorse macroeconomic models answer this question by imposing a strong form of common knowledge: every agent is, not only aware of, or attentive to, the news, but also confident that everyone is aware, that everyone is confident that everyone is aware, and so on. Once this assumption is relaxed, expectation...

Four forward-looking guidance points.

Four key guidance points in the UNAIDS guidance document, Ethical Considerations in HIV Preventive Vaccine Research, are compared with analogous statements in three other recently issued documents dealing with international research. Those documents are: the Declaration of Helsinki, as revised in 2000; the report of the U.S. National Bioethics Advisory Commission, issued in 2001; and a current ...