Year: 2006
Type: article
Abstract: Economic news affects the perceptions of investors, forecasters, and policymakers about the economy. The authors evaluate the responses of the yield of 10-year TIIS to nearly 3 dozen macroeconomic announcements and find that the real long-term interest rate responds to surprises in a handful of key macroeconomic indicators (e.g., labor productivity growth).
Authors: Kevin L. Kliesen, Frank A. Schmid
Institution: Federal Reserve Bank of St. Louis
Language: English
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W2147616335