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How monetary policy committees impact the volatility of policy rates
16 references·4 citing·39 second hop
How monetary policy committees impact the volatility of policy rates (2009)How monetary policy committees impact the…Regional Influences on FOMC Voting Patterns (2005)Regional Influences on FOMC V…Information acquisition and decision making in committees: A survey (2005)Information acquisition and d…Monetary Policy Committees: Individual and Collective Reputations (2003)Monetary Policy Committees: I…Term structure evidence on interest rate smoothing and monetary policy inertia (2002)Term structure evidence on in…Special Interest Politics (2002)Special Interest PoliticsPolitical Economy in Macroeconomics (2001)Political Economy in Macroeco…Optimal monetary policy responses to relative-price changes (2001)Optimal monetary policy respo…Is the Fed Too Timid? Monetary Policy in an Uncertain World (2001)Is the Fed Too Timid? Monetar…Political Economy in Macroeconomics (2000)Political Economy in Macroeco…Open-Economy Inflation Targeting (2000)Open-Economy Inflation Target…Optimal Monetary Policy Inertia (1999)Optimal Monetary Policy Inert…The Quiet Revolution (1998)The Quiet RevolutionGlobalizing capital: a history of the international monetary system (1997)Globalizing capital: a histor…Understanding Interdependence: The Macroeconomics of the Open Economy. (1996)Understanding Interdependence…Federal Reserve interest rate targeting, rational expectations, and the term structure (1995)Federal Reserve interest rate…Political resource allocation, controlled agendas, and the status quo (1978)Political resource allocation…Misplaced childhood: When recession children grow up as central bankers (2019)Misplaced childhood: When rec…Central banks' voting records, the financial crisis and future monetary policy (2015)Central banks' voting records…Power‐Sharing in Monetary Policy Committees: Evidence from the United Kingdom and Sweden (2014)Power‐Sharing in Monetary Pol…Select your committee: The impact of central bankers' background on inflation (2009)Select your committee: The im…Discretion versus policy rules in practice (1993)The Science of Monetary Policy: A New Keynesian Perspective (1999)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules (2003)A Macro‐Finance Model of the Term Structure, Monetary Policy and the Economy (2008)Capital regulation and monetary policy with fragile banks (2013)The Theory of Committees and Elections. (1959)An agenda for the study of institutions (1986)Diplomacy and domestic politics: the logic of two-level games (1988)Economic Origins of Dictatorship and Democracy (2005)Staggered Prices in a Utility-Maximizing Framework (1996)Monetary Policy Shocks: What Have We Learned and to What End? (1998)Optimal monetary policy in a currency area (2003)Sticky Prices and Monetary Policy: Evidence from Disaggregated US Data (2009)Monetary Non-neutrality in a Multisector Menu Cost Model (2010)Econometric policy evaluation: A critique (1976)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)One Money, One Market: Estimating the Effect of Common Currencies on Trade (1999)Learning about monetary policy rules (2002)An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area (2010)Tests for Parameter Instability and Structural Change With Unknown Change Point (1993)Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence (2000)Assessing Nominal Income Rules for Monetary Policy with Model and Data Uncertainty (2002)Monetary policy and uncertainty in an empirical small open‐economy model (2010)An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy (1997)Inflation targeting as a monetary policy rule (1999)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2002)The Effect of Fixed Exchange Rates on Monetary Policy (2004)The Institutional Dynamics of International Political Orders (1998)What Makes the World Hang Together? Neo-utilitarianism and the Social Constructivist Challenge (1998)Economic Commission for Africa (2009)Democracy and dictatorship revisited (2009)Uncertainty about Government Policy and Stock Prices (2012)Political uncertainty and risk premia (2013)Why is There so Little Money in U.S. Politics? (2003)Rethinking Bank Regulation: Till Angels Govern (2005)Distance to Frontier, Selection, and Economic Growth (2006)Some Lessons from the Yield Curve (1995)Macroeconomic news and bond market volatility1We thank Walter Toshi Baily, Bob Korajczyk, Jim Poterba, Mark Watson, seminar participants at the University of Chicago, Columbia University, Cornell University, and the University of Montreal, and especially Ludger Hentschel (the referee) for helpful comments. We also thank Mark Mitchell for supplying data, and Amy C. Ko and Sydney Ludvigson for research assistance. Lamont was supported by the FMC Faculty Research Fund at the Graduate School of Business, University of Chicago. A portion of this research was completed while Lumsdaine was a National Fellow at the Hoover Institution. We also thank the Financial Research Center at Princeton University for support. A previous version of this paper circulated as `Public Information and the Persistence of Bond Market Volatility'.1 (1998)
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References

  • 2000Political Economy in Macroeconomics1,588 cited
  • 2002Special Interest Politics1,566 cited
  • 2000Open-Economy Inflation Targeting1,428 cited
  • 1978Political resource allocation, controlled agendas, and the status quo1,162 cited
  • 1999Optimal Monetary Policy Inertia998 cited
  • 1997Globalizing capital: a history of the international monetary system945 cited
  • 2002Term structure evidence on interest rate smoothing and monetary policy inertia772 cited
  • 2001Optimal monetary policy responses to relative-price changes557 cited
  • 2001Is the Fed Too Timid? Monetary Policy in an Uncertain World405 cited
  • 1995Federal Reserve interest rate targeting, rational expectations, and the term structure373 cited
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  • 1996Understanding Interdependence: The Macroeconomics of the Open Economy.222 cited
  • 2005Information acquisition and decision making in committees: A survey200 cited
  • 2003Monetary Policy Committees: Individual and Collective Reputations178 cited
  • 2005Regional Influences on FOMC Voting Patterns

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Cited by

  • 2009Select your committee: The impact of central bankers' background on inflation23 cited
  • 2014Power‐Sharing in Monetary Policy Committees: Evidence from the United Kingdom and Sweden20 cited
  • 2019Misplaced childhood: When recession children grow up as central bankers18 cited
  • 2015Central banks' voting records, the financial crisis and future monetary policy18 cited