IDEAS home Printed from https://ideas.repec.org/r/aea/aecrev/v110y2020i9p2899-2934.html

Policy Language and Information Effects in the Early Days of Federal Reserve Forward Guidance

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Michael D Bauer & Carolin E Pflueger & Adi Sunderam, 2024. "Perceptions About Monetary Policy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 139(4), pages 2227-2278.
  2. Ricardo Nunes & Ali Ozdagli & Jenny Tang, 2022. "Interest Rate Surprises: A Tale of Two Shocks," Working Papers 22-2, Federal Reserve Bank of Boston.
  3. Nina Boyarchenko & Giovanni Favara & Moritz Schularick, 2022. "Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges," Staff Reports 1003, Federal Reserve Bank of New York.
  4. Christophe Blot & Caroline Bozou & Jérôme Creel & Paul Hubert, 2021. "Are all Central Bank Asset Purchases the Same? Different Rationales, Different Effects," Working Papers hal-03554141, HAL.
  5. Ying, Shan & Sheen, Jeffrey & Gu, Xin & Wang, Ben Zhe, 2025. "Does monetary policy uncertainty moderate the transmission of policy shocks to government bond yields?," Journal of International Money and Finance, Elsevier, vol. 154(C).
  6. Ho, Sui-Jade & Karagedikli, Özer, 2025. "Effects of monetary policy communication in emerging market economies: Evidence from Malaysia," Journal of International Money and Finance, Elsevier, vol. 158(C).
  7. Carlo Rosa, 2026. "The Impact of Monetary Policy on REITs: Evidence from FOMC Announcements," The Journal of Real Estate Finance and Economics, Springer, vol. 72(1), pages 41-67, January.
  8. Maximilian Böck & Martin Feldkircher & Pierre L. Siklos, 2021. "International Effects of Euro Area Forward Guidance," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(5), pages 1066-1110, October.
  9. Chen, Yu-Lun, 2023. "The crucial role of the five-year Treasury in the US yield curve," International Review of Financial Analysis, Elsevier, vol. 90(C).
  10. Taeyoung Doh & Dongho Song & Shu-Kuei X. Yang, 2020. "Deciphering Federal Reserve Communication via Text Analysis of Alternative FOMC Statements," Research Working Paper RWP 20-14, Federal Reserve Bank of Kansas City, revised 16 Oct 2025.
  11. Kraft, Kornelius & Lammers, Alexander, 2021. "Bargaining Power and the Labor Share - a Structural Break Approach," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242342, Verein für Socialpolitik / German Economic Association.
  12. Christopher S Sutherland, 2022. "Forward guidance and expectation formation: A narrative approach," BIS Working Papers 1024, Bank for International Settlements.
  13. Margaret M. Jacobson & Christian Matthes & Todd B. Walker, 2022. "Inflation Measured Every Day Keeps Adverse Responses Away: Temporal Aggregation and Monetary Policy Transmission," Finance and Economics Discussion Series 2022-054, Board of Governors of the Federal Reserve System (U.S.).
  14. Georgiadis, Georgios & Jarociński, Marek, 2025. "Global spillovers from multi-dimensional US monetary policy," Journal of International Economics, Elsevier, vol. 158(C).
  15. Hou, Chenxue & Wang, Qijian, 2023. "CSRC oral communication and corporate disclosure," Journal of Corporate Finance, Elsevier, vol. 79(C).
  16. Miranda-Agrippino, Silvia & Ricco, Giovanni, 2023. "Identification with External Instruments in Structural VARs," Journal of Monetary Economics, Elsevier, vol. 135(C), pages 1-19.
  17. Matthew V. Gordon & Kurt Graden Lunsford, 2024. "The Effects of the Federal Reserve Chair’s Testimony on Treasury Interest Rates," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2024(01), pages 1-7, January.
  18. Granziera, Eleanora & Larsen, Wegard H. & Meggiorini, Greta & Melosi, Leonardo, 2025. "Speaking of Inflation : The Influence of Fed Speeches on Expectations," The Warwick Economics Research Paper Series (TWERPS) 1555, University of Warwick, Department of Economics.
  19. Juan Arismendi-Zambrano & Emmanuel Kypraios & Alessia Paccagnini, 2026. "Informativeness of the federal reserve chair communication’s sentiment on the monetary policy uncertainty," Annals of Operations Research, Springer, vol. 357(1), pages 633-677, February.
  20. Milena Djourelova & Filippo Ferroni & Leonardo Melosi & Alessandro Villa, 2025. "One Fed, Many Voices: Coordinated Communication vs. Transparent Debate," Working Paper Series WP 2025-23, Federal Reserve Bank of Chicago.
  21. Edward Nelson, 2021. "The Emergence of Forward Guidance As a Monetary Policy Tool," Finance and Economics Discussion Series 2021-033, Board of Governors of the Federal Reserve System (U.S.).
  22. Eleonora Granziera & Vegard H. Larsen & Greta Meggiorini & Leonardo Melosi, 2025. "Speaking of Inflation: The Influence of Fed Speeches on Expectations," CESifo Working Paper Series 11992, CESifo.
  23. Andrew B. Martinez, 2025. "How do Macroeconomic Expectations React to Extreme Weather Shocks?," Working Papers 2025-001, The George Washington University, The Center for Economic Research.
  24. Robert Goodhead & Benedikt Kolb, 2025. "Monetary policy communication shocks and the macroeconomy," Economica, London School of Economics and Political Science, vol. 92(365), pages 173-198, January.
  25. Sylvérie Herbert & Paul Hubert & Mathias Lé, 2025. "When does Monetary Policy Matter? Policy Stance vs. Term Premium News 1," Sciences Po Economics Publications (main) hal-05481635, HAL.
  26. Christophe Blot & Caroline Bozou & Jérôme Creel & Paul Hubert, 2022. "The Conditional PaThéof Central Bank Asset Purchases," Working papers 885, Banque de France.
  27. Zhao Han & Chengcheng Jia, 2023. "Asymmetric Information, Two-Way Learning, and the Fed Information Effect," Working Papers 23-32R, Federal Reserve Bank of Cleveland, revised 02 Oct 2025.
  28. Klose, Jens & Tillmann, Peter, 2023. "Stock market response to Covid-19, containment measures and stabilization policies—The case of Europe," International Economics, Elsevier, vol. 173(C), pages 29-44.
  29. Hubert, Paul & Blot, Christophe & Bozou, Caroline & Creel, Jérôme, 2024. "Same actions, different effects: The conditionality of monetary policy instruments," Journal of Monetary Economics, Elsevier, vol. 147(S).
  30. Karnaukh, Nina & Vokata, Petra, 2022. "Growth forecasts and news about monetary policy," Journal of Financial Economics, Elsevier, vol. 146(1), pages 55-70.
  31. Nie, Li & Wang, Yulong & Shi, Kai, 2025. "Financial market responses to the policy language of forward guidance: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 317-335.
  32. Coenen, Günter & Montes-Galdón, Carlos & Saint Guilhem, Arthur & Hutchinson, John & Motto, Roberto, 2022. "Rate forward guidance in an environment of large central bank balance sheets: a Eurosystem stock-taking assessment," Occasional Paper Series 290, European Central Bank.
  33. Tsang, Kwok Ping & Yang, Zichao, 2025. "Agree to disagree: Measuring hidden dissent in FOMC meetings," Journal of Economic Dynamics and Control, Elsevier, vol. 180(C).
  34. Jing Zhang & Shuai Chen & Honglei Liu, 2022. "Central bank communication, shadow banking, and bank risk-taking: Theoretical model and PVAR empirical evidence," PLOS ONE, Public Library of Science, vol. 17(9), pages 1-29, September.
  35. Ekaterina Pirozhkova & Giovanni Ricco & Nicola Viegi, 2024. "Trouble Every Day: Monetary Policy in an Open Emerging Economy," ERSA Working Paper Series, Economic Research Southern Africa, vol. 0.
  36. Christopher S. Sutherland, 2023. "Forward guidance and expectation formation: A narrative approach," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(2), pages 222-241, March.
  37. Kwok Ping Tsang & Zichao Yang, 2023. "Agree to Disagree: Measuring Hidden Dissent in FOMC Meetings," Papers 2308.10131, arXiv.org, revised Oct 2025.
  38. Ciminelli, Gabriele & Rogers, John & Wu, Wenbin, 2022. "The effects of U.S. monetary policy on international mutual fund investment," Journal of International Money and Finance, Elsevier, vol. 127(C).
  39. Couture, Cody, 2021. "Financial market effects of FOMC projections," Journal of Macroeconomics, Elsevier, vol. 67(C).
  40. Guo, Haifeng & Hung, Chi-Hsiou D. & Kontonikas, Alexandros, 2022. "The Fed and the stock market: A tale of sentiment states," Journal of International Money and Finance, Elsevier, vol. 128(C).
  41. Gürkaynak, Refet S. & Kara, A. Hakan & Kısacıkoğlu, Burçin & Lee, Sang Seok, 2021. "Monetary policy surprises and exchange rate behavior," Journal of International Economics, Elsevier, vol. 130(C).
  42. Daniel J. Lewis, 2025. "Announcement-Specific Decompositions of Unconventional Monetary Policy Shocks and Their Effects," The Review of Economics and Statistics, MIT Press, vol. 107(4), pages 1086-1103, July.
  43. Mucai Lin & Zhiwu Hong & Linlin Niu, 2026. "Silent News in China's Monetary Policy Announcements: Dual-Shock Identification with Ordered Heteroskedasticity," Working Papers 2026-02-01, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
  44. D’Amico, Stefania & King, Thomas B., 2023. "What does anticipated monetary policy do?," Journal of Monetary Economics, Elsevier, vol. 138(C), pages 123-139.
  45. Golez, Benjamin & Matthies, Ben, 2025. "Fed information effects: Evidence from the equity term structure," Journal of Financial Economics, Elsevier, vol. 165(C).
  46. Christophe Blot & Paul Hubert & Jérôme Creel & Caroline Bozou, 2023. "The conditionality of monetary policy instruments," Working Papers hal-04159848, HAL.
  47. Marco Pinchetti & Andrzej Szczepaniak, 2024. "Global Spillovers of the Fed Information Effect," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(2), pages 773-819, June.
  48. Samer Adra & Elie Menassa, 2023. "Uncertainty and corporate investments in response to the Fed's dual shocks," The Financial Review, Eastern Finance Association, vol. 58(3), pages 463-484, August.
  49. Michael Smolyansky & Gustavo A. Suarez, 2021. "Non-monetary news in Fed announcements: Evidence from the corporate bond market," Finance and Economics Discussion Series 2021-010r1, Board of Governors of the Federal Reserve System (U.S.), revised 31 Jan 2025.
  50. Christopher S. Sutherland, 2020. "Forward Guidance and Expectation Formation: A Narrative Approach," Staff Working Papers 20-40, Bank of Canada.
  51. Guo, Junjie & Guo, Yumei & Miao, Shan & Pang, Xin, 2021. "An investigation of semantic similarity in PBOC’s communication on RMB volatility," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 441-455.
  52. Ke-Li Xu, 2023. "Local Projection Based Inference under General Conditions," CAEPR Working Papers 2023-001 Classification-C, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
  53. Christopher D. Cotton, 2022. "Looking Beyond the Fed: Do Central Banks Cause Information Effects?," Working Papers 22-21, Federal Reserve Bank of Boston.
  54. Kraft, Kornelius & Lammers, Alexander, 2021. "The Effects of Reforming a Federal Employment Agency on Labor Demand," IZA Discussion Papers 14629, IZA Network @ LISER.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.