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Federal Reserve Bank of Kansas City
Macro Bulletin
Has the effect of monetary policy announcements on asset prices changed?
Taeyoung Doh
Michael Connolly
Abstract

The Federal Reserve has increased communication about the future path of the federal funds target rate over time. The use of forward guidance as a policy tool has raised questions about changes in how it influences the economy.


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Taeyoung Doh & Michael Connolly, "Has the effect of monetary policy announcements on asset prices changed?" , Federal Reserve Bank of Kansas City, Macro Bulletin, pages 3-4, number 00002, Sept 2013.
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Keywords: Federal funds rate; Monetary policy
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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