| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14456 |
| DP14456 Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence | |
| Barbara Rossi; Tatevik Sekhposyan; Lukas Hoesch | |
| 发表日期 | 2020-02-29 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Does the Federal Reserve have an "information advantage'' in forecasting macroeconomic variables beyond what is known to private sector forecasters? And are market participants reacting only to monetary policy shocks or also to future information on the state of the economy that the Federal Reserve communicates in its announcements via an "information channel''? This paper investigates the evolution of the information channel over time. Although the information channel appears to be important historically, we find no empirical evidence of its presence in the recent years once instabilities are accounted for. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | monetary policy Information channel of monetary policy Instabilities Forecasting |
| URL | https://cepr.org/publications/dp14456 |
| 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/543355 |
| 推荐引用方式 GB/T 7714 | Barbara Rossi,Tatevik Sekhposyan,Lukas Hoesch. DP14456 Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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