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Monetary Policy Surprises and Monetary Policy Uncertainty

FEDS Notes, 2018
In this note we find that after a given monetary policy surprise, primary dealers--key intermediaries in interest rate markets--tend to adjust their positions in the U.S. Treasury market and their exposures to interest rates more when the prevailing level of policy uncertainty is low than when it is high.
Michiel De Pooter   +3 more
openaire   +1 more source

Noisy Monetary Policy

2018
Nous introduisons des informations limitées sur la politique monétaire. Les agents reçoivent des signaux de la banque centrale qui révèlent de nouvelles informations (des « nouvelles ») sur l’évolution future du taux directeur avant qu’il ne soit réellement modifié. Cependant, ces signaux sont brouillés par du « bruit ».
Dahlhaus, Tatjana, Gambetti, Luca
openaire   +2 more sources

Robust Monetary Policy [PDF]

open access: possibleJournal of Information Systems and Operation Management, 2008
While there is uncertainty about the data that enter into economic models and about the parameters that govern economic models, the fact that economists often approach macroeconomic data armed with different models of the economy suggests that uncertainty, or ambiguity, about the model could also be potentially important.
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Monetary Policy Analysis

2002
The past several years have seen very rapid development in the area of monetary policy analysis.1 A welcome aspect is the convergence of approaches used by academic and central-bank economists. For example, examination of a notable NBER conference volume2 and/or a special issue of the Journal of Monetary Economics (Vol.
openaire   +2 more sources

Monetary policy rules and U.S. monetary policy

Journal of Post Keynesian Economics, 2008
An inflation-augmented Atesoglu monetary policy rule is introduced. The Atesoglu rule is based on an estimate of the neutral rate of interest of Keynes. Actual Fed monetary policy and policy implied by Atesoglu rules are compared. During the 1994:2-2006:4 period, monetary policy suggested by the inflation-augmented Atesoglu rule is closer to that ...
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Monetary policy

The Companion lays out a comprehensive history of the field and, in five additional parts, it explores public choice contributions to the study of the origins of the state, the organization of political activity, the analysis of decision-making in non-market institutions, the examination of tribal governance and to modeling and predicting the behavior ...
Leland B. Yeager, Steve H. Hanke
  +6 more sources

monetary policy

1987
David E. Lindsey, Henry C. Wallich
openaire   +1 more source

Monetary Policy

2006
Paul Krugman, Robin Wells
openaire   +1 more source

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