An Alternative Explanation for the “Fed Information Effect”
An Alternative Explanation for the “Fed Information Effect”
About this item
Full title
An Alternative Explanation for the “Fed Information Effect”
Author / Creator
Journal title
The American economic review, 2023-03, Vol.113 (3), p.664-700
Language
English
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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
Author / Creator
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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