Has the effect of monetary policy announcements on asset prices changed?

Michael Connolly and Taeyoung Doh

Macro Bulletin, 2013, 3-4

Abstract: The Federal Reserve has increased communication about the future path of the federal funds target rate over time. The use of forward guidance as a policy tool has raised questions about changes in how it influences the economy.

Keywords: Monetary policy; Federal funds rate (search for similar items in EconPapers)
Date: 2013
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