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The identification of the response of interest rates to monetary policy actions using market-based measures of monetary policy shocks
16 references·8 citing·36 second hop
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this work references cited by second hop

References

  • 2005What Explains the Stock Market's Reaction to Federal Reserve Policy?2,382 cited
  • 2001Monetary policy surprises and interest rates: Evidence from the Fed funds futures market2,054 cited
  • 2004Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements1,566 cited
  • 2008Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence1,391 cited
  • 2004The impact of monetary policy on asset prices956 cited
  • 2001Economic News and Bond Prices: Evidence from the U.S. Treasury Market896 cited
  • 1999Price Formation and Liquidity in the U.S. Treasury Market: The Response to Public Information799 cited
  • 2004The macroeconomic consequences of terrorism688 cited
  • 1998Do Measures of Monetary Policy in a VAR Make Sense629 cited
  • 1989The effect of changes in the federal funds rate target on market interest rates in the 1970s595 cited
  • 2002The Fed and Interest Rates—A High-Frequency Identification477 cited
  • 2002Pre-announcement effects, news effects, and volatility: Monetary policy and the stock market435 cited
  • 2006Monetary Policy Surprises and Interest Rates: Evidence from the Fed Funds Futures Markets414 cited
  • 2007Market-Based Measures of Monetary Policy Expectations373 cited

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  • 2007Communication by Central Bank Committee Members: Different Strategies, Same Effectiveness?370 cited
  • 2002The Impact of Monetary Policy on Asset Prices339 cited
  • Cited by

    • 2018Relief Rallies after FOMC Announcements as a Resolution of Uncertainty29 cited
    • 2014Asset Markets and Monetary Policy Shocks at the Zero Lower Bound25 cited
    • 2015How Effective Is Central Bank Forward Guidance?23 cited
    • 2016Federal reserve's policy, global equity markets, and the local monetary policy stance23 cited
    • 2022The Fed and the stock market: A tale of sentiment states22 cited
    • 2021Can central bank communication help to stabilise inflation expectations?18 cited
    • 2016Inflation Anchoring in the Euro Area16 cited
    • 2013How Effective is Central Bank Forward Guidance?14 cited