most citedIt's not always about the money, sometimes it's about sending a message: Evidence of Informational Content in Monetary Policy Announcements

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econ.GN2021★ 7 cited

It's not always about the money, sometimes it's about sending a message: Evidence of Informational Content in Monetary Policy Announcements

Yong Cai, Santiago Camara, Nicholas Capel

This paper introduces a transparent framework to identify the informational content of FOMC announcements. We do so by modelling the expectations of the FOMC and private sector age…