Does the Fed's New Policy of Immediate Disclosure Affect the Market?
Year: 1996
Type: article
Abstract: At its February 1994 meeting, the Federal Open Market Committee broke a long-standing practice by immediately announcing its decision to increase the degree of pressure in reserve markets. Previously, the Fed had argued that immediate disclosure of policy decisions would create an announcement effect and would increase financial market uncertainty and volatility.
DOI: 10.20955/r.78.77-88
Author: Daniel L. Thornton
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1483565702