Automated Author Profile

Roberts, John M.

Current S-Index

3.7

Sum of Dataset Indices for all datasets

Average Dataset Index per Dataset

1.8

Average Dataset Index per dataset

Total Datasets

2

Total datasets for this author

Average FAIR Score

69.2%

Average FAIR Score per dataset

Total Citations

2

Total citations to the author's datasets

Total Mentions

0

Total mentions of the author's datasets

S-Index Interpretation

S-Index Over Time

Cumulative Citations Over Time

Cumulative Mentions Over Time

Datasets

Replication data for: Monetary Policy Strategies for a Low-Rate Environment (Version: 1)

In low-rate environments, policy strategies that involve holding rates "lower for longer" (L4L) may mitigate the effects of the effective lower bound (ELB). However, these strategies work in part by managing the public's expectations, which is not always realistic. Using the Fed's large-scale macroeconometric model, we study the effectiveness of L4L policies when financial market participants are forward-looking but other agents are not. We find that the resulting limited ability to manage expectations reduces but does not eliminate the advantages of L4L policies. The best policies provide adequate stimulus at the ELB while avoiding sizable overshoots of inflation and output.

Authors

  • Bernanke, Ben S. ;
  • Kiley, Michael T. ;
  • Roberts, John M.
1 Citation0 Mentions69% FAIR1.8 Dataset Index
10.3886/e116485v1January 2019

Replication data for: Monetary Policy Strategies for a Low-Rate Environment (Version: V0)

In low-rate environments, policy strategies that involve holding rates "lower for longer" (L4L) may mitigate the effects of the effective lower bound (ELB). However, these strategies work in part by managing the public's expectations, which is not always realistic. Using the Fed's large-scale macroeconometric model, we study the effectiveness of L4L policies when financial market participants are forward-looking but other agents are not. We find that the resulting limited ability to manage expectations reduces but does not eliminate the advantages of L4L policies. The best policies provide adequate stimulus at the ELB while avoiding sizable overshoots of inflation and output.

Authors

  • Bernanke, Ben S. ;
  • Kiley, Michael T. ;
  • Roberts, John M.
1 Citation0 Mentions69% FAIR1.8 Dataset Index
10.3886/e116485January 2019