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Measuring Monetary Policy Inertia in Target Fed Funds Rate Changes
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Measuring Monetary Policy Inertia in Target Fed Funds Rate Changes (1999)Measuring Monetary Policy Inertia in Targ…Taylor’s Rule and the Fed (2020)Taylor’s Rule and the FedIs the Fed Too Timid? Monetary Policy in an Uncertain World (2001)Is the Fed Too Timid? Monetar…Does the fed act gradually? A VAR analysis (2000)Does the fed act gradually? A…Optimal Monetary Policy Inertia (1999)Optimal Monetary Policy Inert…Monetary Policy Evaluation with Noisy Information (1999)Monetary Policy Evaluation wi…Monetary Policy and the Long Boom (1998)Monetary Policy and the Long …Federal Reserve interest rate targeting, rational expectations, and the term structure (1995)Federal Reserve interest rate…Discretion versus policy rules in practice (1993)Discretion versus policy rule…Dynamic Limited Dependent Variable Modeling and U.S. Monetary Policy (2011)Dynamic Limited Dependent Var…Predicting the Direction of the Fed's Target Rate (2010)Predicting the Direction of t…Forecasting the Direction of Policy Rate Changes: The Importance of ECB Words (2009)Forecasting the Direction of …A new marked point process model for the federal funds rate target (2008)A new marked point process mo…Dynamic Multinomial Ordered Choice with an Application to the Estimation of Monetary Policy Rules (2007)Dynamic Multinomial Ordered C…A Model for the Federal Funds Rate Target (2000)A Model for the Federal Funds…A Model for the Federal Funds Rate Target (1999)A Model for the Federal Funds…The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis (1989)Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence (2000)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Bank liquidity creation, monetary policy, and financial crises (2017)Econometric policy evaluation: A critique (1976)Macroeconomics and Reality (1980)Inflation targeting in practice: The UK experience (1999)Acknowledging Misspecification in Macroeconomic Theory (2001)Anticipations of Monetary Policy in Financial Markets (2003)Rules, discretion and reputation in a model of monetary policy (1983)The Science of Monetary Policy: A New Keynesian Perspective (1999)Estimation and Inference of Impulse Responses by Local Projections (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)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)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)Interpreting the macroeconomic time series facts (1992)Measuring Systematic Monetary Policy (2000)Monetary policy surprises and interest rates: Evidence from the Fed funds futures market (2001)The Relationship between the Federal Funds Rate and the Fed's Federal Funds Rate Target: Is it Open Market or Open Mouth Operations? (2016)Autoregressive Conditional Duration: A New Model for Irregularly Spaced Transaction Data (1998)Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory (1998)Monetary policy communication in Turkey (2012)Essays in Positive Economics (1954)Inflation forecast targeting: Implementing and monitoring inflation targets (1997)On the optimal monetary policy response to noisy indicators (2003)Monetary Policy Inertia: Fact or Fiction? (2005)Real-time determinants of fiscal policies in the euro area (2006)The Federal Response to Home Mortgage Distress: Lessons from the Great Depression (2008)Stabilization Policies (2011)A Credibility Proxy: Tracking US Monetary Developments (2012)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)
this work references cited by second hop

References

  • 1993Discretion versus policy rules in practice9,059 cited
  • 1999Optimal Monetary Policy Inertia998 cited
  • 2001Is the Fed Too Timid? Monetary Policy in an Uncertain World405 cited
  • 2020Taylor’s Rule and the Fed397 cited
  • 1995Federal Reserve interest rate targeting, rational expectations, and the term structure373 cited
  • 1999Monetary Policy Evaluation with Noisy Information183 cited
  • 2000Does the fed act gradually? A VAR analysis165 cited
  • 1998Monetary Policy and the Long Boom72 cited

Cited by

  • 1999A Model for the Federal Funds Rate Target23 cited
  • 2000A Model for the Federal Funds Rate Target21 cited
  • 2011Dynamic Limited Dependent Variable Modeling and U.S. Monetary Policy20 cited
  • 2010Predicting the Direction of the Fed's Target Rate20 cited
  • 2008A new marked point process model for the federal funds rate target18 cited
  • 2007Dynamic Multinomial Ordered Choice with an Application to the Estimation of Monetary Policy Rules17 cited
  • 2009Forecasting the Direction of Policy Rate Changes: The Importance of ECB Words16 cited

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