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An Alternative Explanation for the “Fed Information Effect”

An Alternative Explanation for the “Fed Information Effect”

https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1257_aer_20201220

An Alternative Explanation for the “Fed Information Effect”

About this item

Full title

An Alternative Explanation for the “Fed Information Effect”

Journal title

The American economic review, 2023-03, Vol.113 (3), p.664-700

Language

English

Formats

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Scope and Contents

Contents

Regressions of private-sector macroeconomic forecast revisions on monetary policy surprises often produce coefficients with signs opposite to standard macroeconomic models. The “Fed information effect” argues these puzzling results are due to monetary policy surprises revealing Fed private information. We show they are also consistent with a “Fed r...

Alternative Titles

Full title

An Alternative Explanation for the “Fed Information Effect”

Authors, Artists and Contributors

Identifiers

Primary Identifiers

Record Identifier

TN_cdi_crossref_primary_10_1257_aer_20201220

Permalink

https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1257_aer_20201220

Other Identifiers

ISSN

0002-8282

DOI

10.1257/aer.20201220

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