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An Alternative Explanation for the “Fed Information Effect”

The American Economic Review, 2023
Regressions of private-sector macroeconomic forecast revisions on monetary policy surprises often produce coefficients with signs opposite to standard macroeconomic models.
Michael D. Bauer, Eric T Swanson
semanticscholar   +1 more source

Whatever it Takes? The Impact of Conditional Policy Promises

Social Science Research Network, 2023
At the announcement of a new policy, agents form a view of state-contingent policy actions and impact. We develop a method to estimate this state-contingent perception and implement it for many asset-purchase interventions worldwide.
Valentin Haddad   +2 more
semanticscholar   +1 more source

Losing traction? The real effects of monetary policy when interest rates are low

Social Science Research Network, 2023
Are there limits to how far reductions in interest rates can boost aggregate demand? In particular, as interest rates fall to very low levels, does the effectiveness of monetary policy in boosting the economy wane?
Rashad Ahmed   +3 more
semanticscholar   +1 more source

The Voice of Monetary Policy

The American Economic Review, 2021
We develop a deep learning model to detect emotions embedded in press conferences after the Federal Open Market Committee meetings and examine the influence of the detected emotions on financial markets.
Y. Gorodnichenko   +2 more
semanticscholar   +1 more source

Measuring Monetary Policy in the Euro Area Using SVARs with Residual Restrictions

American Economic Journal: Macroeconomics, 2023
This study measures the effects of monetary policy in the euro area using a small number of sign and magnitude restrictions on the residuals of a structural vector autoregression.
Harald Badinger, Stefan Schiman
semanticscholar   +1 more source

MPEC 2023-E58 : 2023 EN

2023
The Minor Planet Electronic Circulars contain information on unusual minor planets, routine data on comets and natural satellites, and occasional editorial announcements. They are published on behalf of Division F of the International Astronomical Union by the Minor Planet Center, Smithsonian Astrophysical Observatory, Cambridge, MA 02138, U.S.A.
openaire   +1 more source

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