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The Role of the Bias in Crafting Consensus: FOMC Decision Making in the Greenspan Era
9 references·7 citing·43 second hop
The Role of the Bias in Crafting Consensus: FOMC Decision Making in the Greenspan Era (2012)The Role of the Bias in Crafting Consensu…The Quiet Revolution (2017)The Quiet RevolutionDoes the Greenspan era provide evidence on leadership in the FOMC? (2014)Does the Greenspan era provid…Strategic forecasting on the FOMC (2011)Strategic forecasting on the …Committee Decisions on Monetary Policy: Evidence From Historical Records of the Federal Open Market Committee (2010)Committee Decisions on Moneta…The FOMC: Preferences, Voting, and Consensus (2005)The FOMC: Preferences, Voting…ON THE INFORMATION CONTENT OF ASYMMETRIC FOMC POLICY STATEMENTS: EVIDENCE FROM A TAYLOR‐RULE PERSPECTIVE (2005)ON THE INFORMATION CONTENT OF…Majority Rule, Consensus Building, and the Power of the Chairman: Arthur Burns and the FOMC (2004)Majority Rule, Consensus Buil…Does a Bias in FOMC Policy Directives Help Predict Intermeeting Policy Changes? (2000)Does a Bias in FOMC Policy Di…A History of the Asymmetric Policy Directive (2000)A History of the Asymmetric P…Policymakers' Interest Rate Preferences: Recent Evidence for Three Monetary Policy Committees (2018)Policymakers' Interest Rate P…Inconsistent voting behaviour in the FOMC (2017)Inconsistent voting behaviour…Have minutes helped to predict fed funds rate changes? (2016)Have minutes helped to predic…The Influence and Policy Signalling Role of FOMC Forecasts (2015)The Influence and Policy Sign…Monetary Policy Decisions - Comparing Theory and 'Inside' Information from MPC Members (2013)Monetary Policy Decisions - C…Adaptively combined forecasting for discrete response time series (2013)Adaptively combined forecasti…MONETARY POLICY COMMITTEES: MEETINGS AND OUTCOMES (2010)MONETARY POLICY COMMITTEES: M…The Borrowed-Reserves Operating Procedures: Theory and Evidence (1988)Monetary Policy and Open Market Operations during 1994 (1994)Federal Reserve interest rate targeting, rational expectations, and the term structure (1995)Interest Rate Surprises and Stock Prices (2002)Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections (2006)Talking About Monetary Policy: The Virtues (and Vice?) of Central Bank Communication (2009)Measuring Monetary Policy (1995)Measuring Monetary Policy (1998)A Model of the Federal Funds Rate Target (2002)Communication and Decision-Making by Central Bank Committees: Different Strategies, Same Effectiveness? (2005)The signaling effects of central bank tone (2021)Federal Reserve interest rate targeting, rational expectations, and the term structure (1995)Does ECB Communication Help in Predicting its Interest Rate Decisions? (2006)Talking about Monetary Policy: The Virtues (and Vices?) of Central Bank Communication (2008)Rational Bias in Macroeconomic Forecasts (1999)Are Two Heads Better Than One? Monetary Policy by Committee (2005)The strategy of professional forecasting☆ (2006)Do Federal Reserve presidents communicate with a regional bias? (2012)Forecast dispersion, dissenting votes, and monetary policy preferences of FOMC members: the role of individual career characteristics and political aspects (2013)Influence of regional cycles and personal background on FOMC members’ preferences and disagreement (2017)Discretion versus policy rules in practice (1993)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Monetary Policy Rules Based on Real-Time Data (2001)Does FOMC news increase global FX trading? (2011)The Combination of Forecasts (1969)Good Day Sunshine: Stock Returns and the Weather (2003)Handbook of Economic Forecasting (2013)Asymptotic Normality, When Regressors Have a Unit Root (1988)Inference in Linear Time Series Models with some Unit Roots (1990)Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics—and Vice Versa (1997)The Impact of Political Leaders' Profession and Education on Reforms (2006)The impact of political leaders' profession and education on reforms (2008)Central bank communication and financial markets: New high-frequency evidence (2018)A Monetary History of the United States, 1867-1960 (1964)DO FEDERAL RESERVE BANK PRESIDENTS HAVE A REGIONAL BIAS? (2014)Understanding the impact of monetary policy announcements: The importance of language and surprises (2017)Victims of Groupthink: A Psychological Study of Foreign-Policy Decisions and Fiascoes (2017)Misplaced childhood: When recession children grow up as central bankers (2019)Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections (2007)How Central Should the Central Bank Be? (2010)Central Bank Design (2013)What were they thinking? The Federal Reserve in the run-up to the 2008 financial crisis (2014)Gender and central banking (2016)
this work references cited by second hop

References

  • 2017The Quiet Revolution138 cited
  • 2005The FOMC: Preferences, Voting, and Consensus98 cited
  • 2004Majority Rule, Consensus Building, and the Power of the Chairman: Arthur Burns and the FOMC75 cited
  • 2011Strategic forecasting on the FOMC72 cited
  • 2000A History of the Asymmetric Policy Directive54 cited
  • 2010Committee Decisions on Monetary Policy: Evidence From Historical Records of the Federal Open Market Committee47 cited
  • 2005ON THE INFORMATION CONTENT OF ASYMMETRIC FOMC POLICY STATEMENTS: EVIDENCE FROM A TAYLOR‐RULE PERSPECTIVE32 cited
  • 2000Does a Bias in FOMC Policy Directives Help Predict Intermeeting Policy Changes?32 cited
  • 2014Does the Greenspan era provide evidence on leadership in the FOMC?31 cited

Cited by

  • 2013Adaptively combined forecasting for discrete response time series39 cited
  • 2015The Influence and Policy Signalling Role of FOMC Forecasts21 cited
  • 2018Policymakers' Interest Rate Preferences: Recent Evidence for Three Monetary Policy Committees20 cited
  • 2017Inconsistent voting behaviour in the FOMC17 cited
  • 2016Have minutes helped to predict fed funds rate changes?14 cited
  • 2013Monetary Policy Decisions - Comparing Theory and 'Inside' Information from MPC Members

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13 cited
  • 2010MONETARY POLICY COMMITTEES: MEETINGS AND OUTCOMES12 cited