The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable? pptx

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The Relativity Theory Revisited: Is Publishing

Interest Rate Forecasts Really so Valuable?

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List of tables and figures 4

Abstract 5

1 Introduction 6

2 The Model 9

3 Expectations 11

4 Simulations and results 14

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5HVXOWV 4

5 Conclusions 17

References 18

Appendix 1 21

Appendix 2 23

Table 1,QIRUPDWLRQVWUXFWXUHDSSOLHGLQWKHPRGHO 

Table 2%DVHOLQHVFHQDULRSDUDPHWUL]DWLRQ 

Table 3Average central bank loss and gains in the baseline scenario 

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Figure 1$YHUDJHFHQWUDOEDQNORVVIRUGLIIHUHQWYDOXHVRIhbea under various monetary policy rules 

Figure 2$YHUDJHFHQWUDOEDQNORVVIRUGLIIHUHQWYDOXHVRIe under various monetary policy rules 

Figure 3$YHUDJHFHQWUDOEDQNORVVIRUGLIIHUHQWYDOXHVRISZ ^ under various monetary policy rules 



1 Introduction

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4.1 Simulations

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4.2 Results

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