Rasche, Robert H.; Thornton, Daniel L. - In: Review (2002) Sep, pp. 37-50
In January 2000, the Federal Open Market Committee (FOMC) instituted the practice of issuing a “balance of risks” statement along with their policy decision immediately following each FOMC meeting. Robert H. Rasche and Daniel L. Thornton evaluate the use of the balance-of-risks statement and...
