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Remittance flows and U.S. monetary policy
Machasio, Immaculate; Tillmann, Peter - 2021 - This version: October 27, 2021
Remittance inflows are driven by macroeconomic conditions in the home and the host economies, respectively. In this paper, we study the effect of U.S. monetary policy on remittance flows into economies in Latin American and the Caribbean. The role of Fed policy for remittances has not yet been...
Persistent link: https://www.econbiz.de/10012694427
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The Fed's perceived Phillips curve : vidence from individual FOMC forecasts
Tillmann, Peter - 2009
on individual forecasts for unemployment and inflation submitted by each individual FOMC member, which was recently made … policymakers were aware of these changes in real-time. -- inflation forecast ; NAIRU ; Phillips curve ; monetary policy ; Federal …
Persistent link: https://www.econbiz.de/10003908176
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Regime-dependent effects of monetary policy shocks : evidence from threshold vector autoregressions
Mandler, Martin - 2010
autoregressive model. In a high inflation regime the standard results from the literature obtain. In a low inflation regime output … shows no significant response to monetary policy while the inflation response is negative. The paper endogenously determines …
Persistent link: https://www.econbiz.de/10003950519
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Strategic forecasting on the FOMC
Tillmann, Peter - 2010
deciding about interest rate policy, members individually formulate regular inflation forecasts. This paper uncovers systematic … differences in individual inflation forecasts submitted by voting and non-voting members. Based on a data set with individual … forecasts recently made available it is shown that non-voters systematically overpredict inflation relative to the consensus …
Persistent link: https://www.econbiz.de/10003962970
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The implications of inflation in an estimated new-Keynesian model
Guerrón-Quintana, Pablo A. - 2009
Persistent link: https://www.econbiz.de/10003916811
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Core measures of inflation as predictors of total inflation
Crone, Theodore Michael; Khettry, N. Neil K.; Mester, … - 2008
Persistent link: https://www.econbiz.de/10003710213
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Reverse Kalman filtering US inflation with sticky professional forecasts
Nason, James Michael; Smith, Gregor W. - 2013
Persistent link: https://www.econbiz.de/10010198140
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Communicating with many tongues : FOMC speeches and US financial market reaction
Hayo, Bernd; Kutan, Ali Mustafa; Neuenkirch, Matthias - 2008
This paper studies the effects of FOMC communication on U.S. financial markets’ returns and volatility using a GARCH model over the period from 1998 to 2006. We build a new data set that includes information on all FOMC speeches, post-meeting statements, monetary policy reports and...
Persistent link: https://www.econbiz.de/10003864447
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FOMC communication and emerging equity markets
Hayo, Bernd; Kutan, Ali Mustafa; Neuenkirch, Matthias - 2009
Using a GARCH model, we study the effects of Federal Funds target rate changes and FOMC communication on emerging equity market returns and volatility over the period 1998–2006. First, both types of news have a significant impact on market returns. Second, target rate changes are more...
Persistent link: https://www.econbiz.de/10003852244
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Does FOMC communication help predicting federal funds target rate changes?
Hayo, Bernd; Neuenkirch, Matthias - 2009
We explain changes in the federal funds target rate using macroeconomic variables and Federal Open Market Committee (FOMC) communication indicators. Econometrically, we employ an ordered probit model of a Taylor rule to predict 75 target rate decisions between 1998 and 2006. We find, first, that...
Persistent link: https://www.econbiz.de/10003852257