Search Results - subject:"U.S. Federal Reserve"

How unconventional are large-scale asset purchases? The impact of monetary policy on asset prices

Rosa, Carlo - 2012

This paper examines the impact of large-scale asset purchases (LSAP) on U.S. asset prices (nominal and inflation-indexed bonds, stocks, and U.S. dollar spot exchange rates) using an event study with intraday data. The surprise component of LSAP announcements is identified from Financial Times...

Persistent link: https://www.econbiz.de/10010287124

The Fed’s response to the financial crisis: Pages from the BOJ playbook, or a whole new ball game?

Kuttner, Kenneth N. - 2009

Like the Bank of Japan (BOJ) a decade ago, the U.S. Federal Reserve (Fed) has recently taken a number of unprecedented …

Persistent link: https://www.econbiz.de/10009472131

Talking less and moving the market more: is this the recipe for monetary policy effectiveness?: evidence from the ECB and the Fed

Rosa, Carlo - London School of Economics (LSE) - 2008

This paper examines and compares the communication strategies of the Federal Reserve and the European Central Bank, and their effectiveness. First we do a comparative study exercise. We find that on monetary policy committee meeting days both the ECB and the Fed can move market rates using...

Persistent link: https://www.econbiz.de/10010746324

Talking Less and Moving the Market More: Is this the Recipe for Monetary Policy Effectiveness? Evidence from the ECB and the Fed

Rosa, Carlo - Centre for Economic Performance, LSE - 2008

mimic the Fed. Keywords: European Central Bank, U.S. Federal Reserve, central bank communication, monetary policy … asset prices? Is the European Central Bank (henceforth ECB) rhetoric more credible than the U.S. Federal Reserve …, especially for the U.S. Federal Reserve. The statement is converted into a wording indicator variable, Index, on a three …

Persistent link: https://www.econbiz.de/10005151090

Origins and Mission of the Federal Reserve

Bernanke, Ben S. - Princeton University Press

In 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures about the Federal Reserve and …

Persistent link: https://www.econbiz.de/10010862620