Federal Reserve Bank of Kansas City
Has Forward Guidance Been Effective?
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.
Cite this item
Andrew Lee Smith & Thealexa Becker, "Has Forward Guidance Been Effective?"
, Federal Reserve Bank of Kansas City, Economic Review, issue Q III, pages 57-78, 2015.
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
Keywords: Federal funds; Forward guidance; Quantitative easing; FOMC
This item with handle RePEc:fip:fedker:00030
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