The Resource The FOMC's Balance-of-Risk Statement and Market Expectations of Policy Actions

The FOMC's Balance-of-Risk Statement and Market Expectations of Policy Actions

Label
The FOMC's Balance-of-Risk Statement and Market Expectations of Policy Actions
Title
The FOMC's Balance-of-Risk Statement and Market Expectations of Policy Actions
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Contributor
Author
Contributor
Subject
Summary
In January 2000, the Federal Open Market Committee (FOMC) instituted the practice of issuing a "balance of risks" statement along with their policy decision immediately following each FOMC meeting. The authors evaluate the use of the balance-of-risks statement and the market's interpretation of it. They find that the balance-of-risks statement is one of the factors that market participants use to determine the likelihood that the FOMC will adjust its target for the federal funds rate at their next meeting. Moreover, they find that, on some occasions, the FOMC behaved in such a way as to encourage the use of the balance-of-risks statement for this purpose. The clarifying statements that sometimes accompany these balance-of-risks statements, as well as general remarks made by the Chairman and other FOMC members, often provide additional useful information
http://library.link/vocab/creatorName
  • Rasche, Robert H
  • Inter-university Consortium for Political and Social Research [distributor]
http://library.link/vocab/relatedWorkOrContributorName
Thornton, Daniel L.
Label
The FOMC's Balance-of-Risk Statement and Market Expectations of Policy Actions
Instantiates
Publication
Note
1270
Control code
ICPSR01270.v1
Governing access note
Access restricted to subscribing institutions
Label
The FOMC's Balance-of-Risk Statement and Market Expectations of Policy Actions
Publication
Note
1270
Control code
ICPSR01270.v1
Governing access note
Access restricted to subscribing institutions

Library Locations

    • Bowdoin College LibraryBorrow it
      3000 College Station, Brunswick, ME, 04011-8421, US
      43.907093 -69.963997
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