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01642cas a2200241 a 4500 |
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AALejournalIMF009466 |
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|c 5.00 USD
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|z 9781451867497
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Swiston, Andrew.
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|a Where Have the Monetary Surprises Gone? :
|b The Effects of FOMC Statements /
|c Andrew Swiston.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2007.
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|a 1 online resource (24 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the impact of central bank communication on market expectations of monetary policy and long-term interest rates by comparing Federal Open Market Committee (FOMC) action dates when a policy statement was made to dates before statements were issued. Increased communication has been associated with a reduction in the magnitude of short-term monetary surprises; a greater flow of information about the long-term path of policy that is distinct from the short-term surprise; and a larger role for these long-term surprises in the determination of long-term interest rates.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2007/185
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2007/185/001.2007.issue-185-en.xml
|z IMF e-Library
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