Where Have the Monetary Surprises Gone? The Effects of FOMC Statements

Where Have the Monetary Surprises Gone? The Effects of FOMC Statements
This paper examines the impact of central bank communication on market expectations of monetary policy and long-term interest rates by comparing Federal Open Market Committee (FOMC) action dates when a policy statement was made to dates before statements were issued. Increased communication has been associated with a reduction in the magnitude... READ MORE...

Publication date: July 2007
ISBN 9781451867497
$18.00

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