Has Forward Guidance Been Effective?

Thealexa Becker and Andrew Smith

Economic Review, 2015, issue Q III, 57-78

Abstract: A. Lee Smith and Thealexa Becker compare forward guidance announcements with changes in the effective federal funds rate and find the two policy measures have had similar macroeconomic effects.

Keywords: FOMC; Forward guidance; Federal funds; Quantitative easing (search for similar items in EconPapers)
JEL-codes: E43 E52 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (17)

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