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The Policy Anticipation Hypothesis: Evidence from the Federal Funds Futures Market

โœ Scribed by John D. Burger

Book ID
111743560
Publisher
Oxford University Press
Year
2004
Tongue
English
Weight
260 KB
Volume
22
Category
Article
ISSN
1074-3529

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๐Ÿ“œ SIMILAR VOLUMES

Credit Spread Changes and Monetary Polic
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โœ XIAONENG ZHU* ๐Ÿ“‚ Article ๐Ÿ“… 2012 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 658 KB

This study analyzes the impact of monetary policy actions on credit spreads of various rating categories and maturities, using federal funds futures to distinguish between anticipated and unanticipated changes in the federal funds rate. Two proxies for monetary policy shocks are the surprise change

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โœ Krueger, Joel T.; Kuttner, Kenneth N. ๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 745 KB

The Federal funds rate is also an ingredient in marc sophisticated measures of monetary policy as described in Bernankc and Mihov (1995) and Strongin (1995). Those measures also incorporate the volumc of nonborrowed and total reserves. 2See, for example, McGee (1995).