Horvath, Roman; Smidkova, Katerina; Zapal, Jan - In: Czech Journal of Economics and Finance (Finance a uver) 62 (2012) 6, pp. 478-484
, signal the future course of monetary policy. The committee bias, an official statement on how the Fed is leaning in terms of … its next interest rate move, is found to improve monetary policy predictability, too. On the other hand, the voting of … alternate members, who actively contribute to the discussions at the monetary policy meetings but whose votes do not count for …