Horvath, Roman; Smidkova, Katerina; Zapal, Jan - In: Czech Journal of Economics and Finance (Finance a uver) 62 (2012) 6, pp. 478-484
We examine the information content of U.S. Fed voting records under the Greenspan chairmanship. We find that the voting records of FOMC members, as captured by the difference between the average voted-for and actually implemented policy rate, signal the future course of monetary policy. The...