Verbal guidance and the efficacy of forward guidance

The behavior of term OIS rates following the three instances of FOMC verbal guidance provides no support for the efficacy of the FOMC’s forward guidance monetary policy.

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Year of publication:	2012
Authors:	Thornton, Daniel L.
Published in:	Economic Synopses. - Federal Reserve Bank of St. Louis. - 2012, 26
Publisher:	Federal Reserve Bank of St. Louis
Subject:	Federal Open Market Committee \| Monetary policy

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010727238