financial market volatility after FOMC meetings. Finally, Fed communication may exert an influence on forecast accuracy. JEL …

effects on financial markets than even the corresponding policy decisions, and with lower effects on volatility. Moreover, the …

of household risk management: income volatility reduces the take-out of ARMs, while increasing duration and relative size …

on grounds that such communication may create excessive market volatility and unnecessary speculation. This short paper … times more strongly to statements in the purdah before FOMC meetings than during other times, and market volatility … increases (compared to a volatility reduction induced by statements otherwise). The findings thus offer relevant insights about …

announcing a quantified inflation objective, other forms of communication, or by publishing central banks’ inflation and output … (economic) transparency, and given our findings that disagreement among inflation expectations in the general public is not …

predicts that, the more time has elapsed since the latest release of an inflation report, market volatility should increase …-term interest rates to the Bank of England’s inflation report and to macroeconomic announcements. Due to the quarterly frequency at … more important role in aligning agents’ information set, thus leading to a stronger volatility reduction. The empirical …