Document Type

Article

Publication Date

3-1-2011

Publication Title

Applied Economics

Volume

44

Issue

7

Pages

813-824

Abstract

In 1994, the Federal Reserve System moved to a more transparent reporting of monetary policy. This article assesses the impact of monetary policy transparency on uncertainty about future monetary policy using T-bill rate forecast dispersions and ex post forecast errors from the Survey of Professional Forecasters as a proxy for monetary policy uncertainty. The empirical findings confirm that Federal Reserve transparency has reduced the uncertainty about future monetary policy.

Comments

Author Posting. © Taylor & Francis 2012. This article is posted here by permission of Taylor & Francis for personal use, not for redistribution. The article was published in Applied Economics, vol. 44. no. 7, 2011, https://doi.org/10.1080/00036846.2010.524628

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Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

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