Showing 1 - 10 of 10,782
Persistent link: https://www.econbiz.de/10011476686
Persistent link: https://www.econbiz.de/10012036352
The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking process in the committee. The paper shows that the Federal...
Persistent link: https://www.econbiz.de/10003014292
instruments to these indicators through ex-ante evaluation studies, and analyzing the effects of these policies through ex …-post evaluation studies. We argue that the infrastructure for this policy process can be further improved by providing data for policy … evaluation, establishing or strengthening legal mandates for policy evaluation, establishing mechanisms for international …
Persistent link: https://www.econbiz.de/10013248985
Persistent link: https://www.econbiz.de/10001538098
Persistent link: https://www.econbiz.de/10014276282
Persistent link: https://www.econbiz.de/10003882608
In this paper we investigate the comparative properties of empirically-estimated monetary models of the US economy using a new database of models designed for such investigations. We focus on three representative models due to Christiano, Eichenbaum, Evans (2005), Smets and Wouters (2007) and...
Persistent link: https://www.econbiz.de/10010394233
Persistent link: https://www.econbiz.de/10003829393
The paper shows that there is a substantial degree of heterogeneity in the ability of Fed watchers to forecast US monetary policy decisions. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the...
Persistent link: https://www.econbiz.de/10003726321