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A History of the Asymmetric Policy Directive

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References

1995Federal Reserve interest rate targeting, rational expectations, and the term structure356 cited
1994Monetary Policy and Open Market Operations during 1994105 cited
1988The Borrowed-Reserves Operating Procedures: Theory and Evidence59 cited
1998U.S. Monetary Policy and Financial Markets56 cited

Cited by

2002Interest Rate Surprises and Stock Prices62 cited
2009Talking About Monetary Policy: The Virtues (and Vice?) of Central Bank Communication54 cited
2006Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections52 cited
2005When Did the FOMC Begin Targeting the Federal Funds Rate? What the Verbatim Transcripts Tell Us46 cited
2004When Did the FOMC Begin Targeting the Federal Funds Rate? What the Verbatim Transcripts Tell Us45 cited
2014Making Sense of Dissents: A History of FOMC Dissents43 cited
2009Monetary policy implementation and the federal funds rate41 cited
2007Communicating a Policy Path: The Next Frontier in Central Bank Transparency?41 cited
2002Federal Funds Rate Prediction36 cited
2005ON THE INFORMATION CONTENT OF ASYMMETRIC FOMC POLICY STATEMENTS: EVIDENCE FROM A TAYLOR‐RULE PERSPECTIVE32 cited

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2000

Does a Bias in FOMC Policy Directives Help Predict Intermeeting Policy Changes?

32 cited

2007Contested Meanings of Transparency in Central Banking30 cited

2011Does FOMC news increase global FX trading?29 cited

2008Talking about Monetary Policy: The Virtues (and Vices?) of Central Bank Communication26 cited

2005The Effectiveness of Monetary Policy23 cited

2012The Role of the Bias in Crafting Consensus: FOMC Decision Making in the Greenspan Era22 cited