BELONGIA, MICHAEL T.; KLIESEN, KEVIN L. - In: Contemporary Economic Policy 12 (1994) 4, pp. 79-91
"Prior to February 1994, the Federal Open Market Committee (FOMC) did not officially release its current Domestic Policy Directives to the public until after the next FOMC meeting, a lag of approximately 45 days. Thus, the public never knew the FOMC's latest decisions about short-run monetary...
