Work

Market Anticipations of Monetary Policy Actions

Year: 2002

Type: article

Abstract: There is some well-documented persistence in deviations of the funds rate from the funds rate target.For example, see Taylor (2001).8 This and subsequent analyses ignore the possibility of a small premium in the futures market, documented by Robertson and Thornton (1997), because any such premium is so small that its existence would have a negligible impact.

DOI: 10.20955/r.84.65-94

Authors: William Poole, Robert H. Rasche, Daniel L. Thornton

Institution: Federal Reserve Bank of St. Louis

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: gold

OpenAlex ID: W1559357355

FWCI: 37.13

Cites: 28

Cited by: 205

Related to: 10