Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/1741
Title: Does the Federal Reserve have Private Information about its Future Actions?
Authors: Taş, Bedri Kamil Onur
Keywords: Monetary-Policy Rules
 Real-Time Data
 Interest-Rates
 Asymmetric Information
 Inflation Target
 Forecasts
 Market
 Models
 Discretion
 Shocks
Issue Date: Jun-2016
Publisher: Blackwell Publishing Ltd
Source: Taş, B. K. O. (2016). Does the Federal Reserve have Private Information about its Future Actions?. Economica, 83(331), 498-517.
Abstract: This paper contributes to the ongoing debate about the existence and source of asymmetric information between the Federal Reserve and the public by examining the federal funds rate forecasts. It compares the Federal Reserve federal funds rate forecasts with the predictions of alternative forecasting models and forecasts from the futures market for federal funds. The results show that the Federal Reserve has superior information about its own future policy actions, the future federal funds rate. The results are robust to alternative specifications.
URI: https://doi.org/10.1111/ecca.12174
https://hdl.handle.net/20.500.11851/1741
ISSN: 0013-0427
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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