The Effectiveness of Non‐Standard Monetary Policy Measures: Evidence from Survey Data

Carlo Altavilla and Domenico Giannone

Journal of Applied Econometrics, 2017, vol. 32, issue 5, 952-964

Abstract: We assess professional forecasters' perceptions of the effects of the unconventional monetary policy measures announced by the US Federal Reserve after the collapse of Lehman Brothers. Using survey data, collected at the individual level, we analyze the change in the forecasts for Treasury and corporate bond yields around the announcement dates of the non‐standard measures. We find that forecasters expected bond yields to drop significantly for at least 1 year after the announcement of accommodative policies. Copyright © 2016 John Wiley & Sons, Ltd.

Date: 2017
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Related works:
Working Paper: The effectiveness of non-standard monetary policy measures: evidence from survey data (2016)
Working Paper: The effectiveness of nonstandard monetary policy measures: evidence from survey data (2015)
Working Paper: The Effectiveness of Non-Standard Monetary Policy Measures: Evidence from Survey Data (2014)
Working Paper: The Effectiveness of Non-Standard Monetary Policy Measures: Evidence from Survey Data (2014)
Working Paper: The effectiveness of non-standard monetary policy measures: evidence from survey data (2014)
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