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: QE;
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https://www.kansascityfed.org/~/media/files/publicat/research/macrobulletins/mb15smithbecker0904.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Kansas City
Part of Series: Macro Bulletin
Publication Date: 2015-09-04
Pages: 1-3