Effects of explicit FOMC policy rate guidance on interest rate expectations

C-Tier
Journal: Economics Letters
Year: 2013
Volume: 121
Issue: 2
Pages: 170-173

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We quantify the impact of explicit FOMC policy rate guidance announcements at the zero lower bound on Eurodollar interest rate futures. We find that they significantly reduced implied interest rates and led to a flattening of the yield curve.

Technical Details

RePEc Handle
repec:eee:ecolet:v:121:y:2013:i:2:p:170-173
Journal Field
General
Author Count
1
Added to Database
2026-01-26