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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP11618 |
DP11618 Joining the dots: The FOMC and the future path of policy rates | |
Stefan Gerlach; Rebecca Stuart | |
发表日期 | 2016-11-08 |
出版年 | 2016 |
语种 | 英语 |
摘要 | The Federal Reserve publishes since 2012 Federal Open Market Committee (FOMC) members’ views regarding what federal funds rate will be necessary for the FOMC to achieve its statutory targets. The views or “projections” pertain to the end of the current and the next two or three years, and the “longer run.” We use a simple model to interpolate the projections between these discrete points in time, estimate the interest rates one, two and three years ahead, and study how they evolve with macroeconomic conditions. News regarding the labour market, but not inflation, affects the projections in the sample period. |
主题 | Monetary Economics and Fluctuations |
关键词 | Federal Reserve monetary policy Interest rate expectations Interpolation |
URL | https://cepr.org/publications/dp11618 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540432 |
推荐引用方式 GB/T 7714 | Stefan Gerlach,Rebecca Stuart. DP11618 Joining the dots: The FOMC and the future path of policy rates. 2016. |
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