Journal Article
Has Forward Guidance Been Effective?
Abstract: A. Lee Smith and Thealexa Becker compare forward guidance announcements with changes in the effective federal funds rate and find the two policy measures have had similar macroeconomic effects.
Keywords: FOMC; Forward guidance; Federal funds; Quantitative easing;
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File(s): File format is application/pdf https://www.kansascityfed.org/documents/410/2015-Has%20Forward%20Guidance%20Been%20Effective%3F.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Kansas City
Part of Series: Economic Review
Publication Date: 2015
Issue: Q III
Pages: 57-78