Articlegold2002

Market Anticipations of Monetary Policy Actions

William Poole · Robert H. Rasche · Daniel L. Thornton

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Monetary Policy and Economic Impact Financial Markets and Investment Strategies Market Dynamics and Volatility

Abstract

There is some well-documented persistence in deviations of the funds rate from the funds rate target.For example, see Taylor (2001).8 This and subsequent analyses ignore the possibility of a small premium in the futures market, documented by Robertson and Thornton (1997), because any such premium is so small that its existence would have a negligible impact.

Citations in this library

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References

1976Econometric policy evaluation: A critique 2001Monetary policy surprises and interest rates: Evidence from the Fed funds futures market 1989The effect of changes in the federal funds rate target on market interest rates in the 1970s 1986Monetary mystique: Secrecy and central banking 2001Monetary Policy Analysis in Models Without Money

Cited by

2015Stock Returns Over the FOMC Cycle 2003Anticipations of Monetary Policy in Financial Markets 2007The making of US monetary policy: Central bank transparency and the neoliberal dilemma 2021Common shocks in stocks and bonds 2002A Case Study of a Currency Crisis: The Russian Default of 1998 2008Monetary policy and the transmission of oil shocks 2007International monetary policy surprise spillovers 2011Risk, Uncertainty and Monetary Policy

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