Faust, Jon; Swanson, Eric; Wright, Jonathan - In: Contributions to Macroeconomics 4 (2004) 1, pp. 1246-1246
A number of recent papers have hypothesized that the Federal Reserve possesses information about the course of inflation and output that is unknown to the private sector, and that policy actions by the Federal Reserve convey some of this superior information. We conduct two tests of this...
