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Federal Reserve Bank of New York
Current Issues in Economics and Finance
Understanding the New York Fed's Survey of Primary Dealers
Ellen Correia Golay
Steven Friedman
Michael McMorrow
Abstract

The New York Fed’s Survey of Primary Dealers plays a key role in the Federal Reserve’s understanding of market expectations for monetary policy and the economy, providing timely and comprehensive dealer insight into a range of topics. In recent years, the survey has evolved to reflect the changing macroeconomic environment brought about by the financial crisis and by the Fed’s move into new policy tools aimed at adjusting the size and composition of its balance sheet and giving more explicit forward guidance on the path of short-term interest rates. This study offers an in-depth look at the survey and discusses its structure and evolution.


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Ellen Correia Golay & Steven Friedman & Michael McMorrow, "Understanding the New York Fed's Survey of Primary Dealers" , Federal Reserve Bank of New York, Current Issues in Economics and Finance, volume 19, issue Aug, 2013.
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Keywords: Market surveys ; Economic surveys ; Federal Reserve Bank of New York
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