van den Hauwe, Sjoerd; Paap, Richard; van Dijk, Dick - In: Journal of Macroeconomics 37 (2013) C, pp. 19-40
In this paper we examine which macroeconomic and financial variables have most predictive ability for the federal funds target rate decisions made by the Federal Open Market Committee (FOMC). We conduct the analysis for the 157 FOMC decisions during the period January 1990–June 2008, using...