Lapp, John S.; Pearce, Douglas K.; Laksanasut, Surachit - In: Southern Economic Journal 70 (2003) 2, pp. 312-327
This paper examines whether there is a systematic relationship between FOMC decisions and publicly available data that would potentially allow the public to anticipate FOMC policy changes. We characterize each FOMC decision as a move to tighten, ease, or leave policy unchanged and use ordered...