Shaping Expectations and Coordinating Attention: The Unintended Consequences of FOMC Press Conferenc...
Shaping Expectations and Coordinating Attention: The Unintended Consequences of FOMC Press Conferences
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Publisher
Seattle: Cambridge University Press
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Language
English
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Publisher
Seattle: Cambridge University Press
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Scope and Contents
Contents
In an effort to increase transparency, the chair of the Federal Reserve now holds a press conference (PC) following some, but not all, Federal Open Market Committee (FOMC) announcements. Evidence from financial markets shows that investors lower their expectations of important decisions on days without PCs and that these announcements convey less p...
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Full title
Shaping Expectations and Coordinating Attention: The Unintended Consequences of FOMC Press Conferences
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TN_cdi_proquest_journals_2787248408
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2787248408
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ISSN
0022-1090
E-ISSN
1756-6916
DOI
10.1017/S0022109018001357
