Using the Federal Funds Futures Market to Predict Monetary Policy Actions

How well does the market for Federal Funds Futures predict? Statistical estimates of the market's efficiency in predicting FOMC policy actions indicate that the forecasts contain useful information and are unbiased at the usual 5 percent level. That finding is of interest because it means that much of the costly information formerly acquired by specialized Fed watchers can now be obtained inexpensively by a nonspecialist

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Year of publication:	2012
Authors:	Owens, Raymond E.
Other Persons:	Webb, Roy H. (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Geldmarkt \| Money market \| Derivat \| Derivative \| Prognose \| Forecast

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Extent:	1 Online-Ressource (9 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: FRB Richmond Economic Quarterly, vol. 87, no. 2, Spring 2001, pp. 69-77 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 29, 2012 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013097319