Similar Search Results

Global asset prices and FOMC announcements

Hausman, Joshua; Wongswan, Jon - Federal Reserve Board (Board of Governors of the … - 2006

This paper documents the impact of U.S. monetary policy announcement surprises on foreign equity indexes, short- and long-term interest rates, and exchange rates in 49 countries. We use two proxies for monetary policy surprises: the surprise change to the current target federal funds rate...

Persistent link: https://www.econbiz.de/10005368193

Monetary policy and price stability

Johnson, Karen; Small, David; Tryon, Ralph - Federal Reserve Board (Board of Governors of the … - 1999

discuss several issues that concern the selection of a central bank's inflation objective under such conditions: price … low inflation could change relationships within the real economy. We present a framework for analyzing monetary policy … tend to be the case when long-term inflation is low. We summarize the results of research done at the Federal Reserve to …

Persistent link: https://www.econbiz.de/10005368535

Does monetary policy keep up with the Joneses? Optimal interest-rate smoothing with consumption externalities

Chugh, Sanjay K. - Federal Reserve Board (Board of Governors of the … - 2004

Changes in monetary policy are typically implemented gradually, an empirical observation known as interest-rate smoothing. We propose the explanation that time-non-separable preferences may render interest-rate smoothing optimal. We find that when consumers have "catching-up-with-the-Joneses"...

Persistent link: https://www.econbiz.de/10005372536

Gradualism

Bernanke, Ben S. - Federal Reserve Board (Board of Governors of the … - 2004

remarks at an economics luncheon co-sponsored by the Federal Reserve Bank of San Francisco (Seattle Branch) and the University of Washington, Seattle, Washington

Persistent link: https://www.econbiz.de/10010725675

Price-level determinacy, lower bounds on the nominal interest rate, and liquidity traps

Alstadheim, Ragna; Henderson, Dale W. - Federal Reserve Board (Board of Governors of the … - 2004

We consider monetary-policy rules with inflation-rate targets and interest-rate or money-growth instruments using a …-target equilibria (BTE) with inflation always below target and constant, asymptotically approaching or eventually reaching a below …

Persistent link: https://www.econbiz.de/10005712687

A bivariate model of Fed and ECB main policy rates

Scotti, Chiara - Federal Reserve Board (Board of Governors of the … - 2006

inflation represent relevant variables for timing decisions of both banks. Inflation rates are important factors for magnitude …

Persistent link: https://www.econbiz.de/10005712720

Asset prices and the conduct of monetary policy : proceedings of the Monetary Affairs Workshop

Porter, Richard D. - Federal Reserve Board (Board of Governors of the … - 1990

Persistent link: https://www.econbiz.de/10005721001

Floating rate loan contracts and monetary policy

VanHoose, David D. - Federal Reserve Board (Board of Governors of the … - 1988

Persistent link: https://www.econbiz.de/10005721015

Monetary policy in a changing world: rising role of expectations and the anticipation effect

Demiralp, Selva - Federal Reserve Board (Board of Governors of the … - 2001

The Federal Reserve (Fed) has maintained a general trend toward increased transparency and gradualism. This paper investigates the implications of these historical developments for the anticipation of monetary policy actions and adjustment of interest rates. In a theoretical framework, we...

Persistent link: https://www.econbiz.de/10005721058

Robust monetary policy with misspecified models: does model uncertainty always call for attenuated policy?

Tetlow, Robert J.; Muehlen, Peter von zur - Federal Reserve Board (Board of Governors of the … - 2000

This paper explores Knightian model uncertainty as a possible explanation of the considerable difference between estimated interest rate rules and optimal feedback descriptions of monetary policy. We focus on two types of uncertainty: (i) unstructured model uncertainty reflected in additive...

Persistent link: https://www.econbiz.de/10005721248

1
2
3
4
5
6
7
8
9
10
Next
Last