Data from: The FOMC's Balance-of-Risk Statement and Market Expectations of...
- icpsr.umich.edu
Updated Apr 18, 2003
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EmailClick to copy linkLink copiedCiteRasche, Robert H.; Thornton, Daniel L. (2003). The FOMC's Balance-of-Risk Statement and Market Expectations of Policy Actions [Dataset]. http://doi.org/10.3886/ICPSR01270.v1Unique identifierhttps://doi.org/10.3886/ICPSR01270.v1Dataset updatedApr 18, 2003Dataset provided byInter-university Consortium for Political and Social Researchhttps://www.icpsr.umich.edu/web/pages/AuthorsRasche, Robert H.; Thornton, Daniel L.Licensehttps://www.icpsr.umich.edu/web/ICPSR/studies/1270/termshttps://www.icpsr.umich.edu/web/ICPSR/studies/1270/terms
Area coveredUnited StatesDescriptionIn January 2000, the Federal Open Market Committee (FOMC) instituted the practice of issuing a "balance of risks" statement along with their policy decision immediately following each FOMC meeting. The authors evaluate the use of the balance-of-risks statement and the market's interpretation of it. They find that the balance-of-risks statement is one of the factors that market participants use to determine the likelihood that the FOMC will adjust its target for the federal funds rate at their next meeting. Moreover, they find that, on some occasions, the FOMC behaved in such a way as to encourage the use of the balance-of-risks statement for this purpose. The clarifying statements that sometimes accompany these balance-of-risks statements, as well as general remarks made by the Chairman and other FOMC members, often provide additional useful information.
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The FOMC's Balance-of-Risk Statement and Market Expectations of Policy...
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ShareFacebookTwitterEmailClick to copy linkLink copiedCiteICPSR - Interuniversity Consortium for Political and Social Research, The FOMC's Balance-of-Risk Statement and Market Expectations of Policy Actions - Version 1 [Dataset]. http://doi.org/10.3886/ICPSR01270.v1Unique identifierhttps://doi.org/10.3886/ICPSR01270.v1Dataset provided byGESIS search
ICPSR - Interuniversity Consortium for Political and Social ResearchLicensehttps://search.gesis.org/research_data/datasearch-httpwww-da-ra-deoaip--oaioai-da-ra-de433919https://search.gesis.org/research_data/datasearch-httpwww-da-ra-deoaip--oaioai-da-ra-de433919
DescriptionAbstract (en): In January 2000, the Federal Open Market Committee (FOMC) instituted the practice of issuing a "balance of risks" statement along with their policy decision immediately following each FOMC meeting. The authors evaluate the use of the balance-of-risks statement and the market's interpretation of it. They find that the balance-of-risks statement is one of the factors that market participants use to determine the likelihood that the FOMC will adjust its target for the federal funds rate at their next meeting. Moreover, they find that, on some occasions, the FOMC behaved in such a way as to encourage the use of the balance-of-risks statement for this purpose. The clarifying statements that sometimes accompany these balance-of-risks statements, as well as general remarks made by the Chairman and other FOMC members, often provide additional useful information. (1) The file submitted is the data file, 0209rrd.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
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FacebookTwitterEmailData from: The FOMC's Balance-of-Risk Statement and Market Expectations of Policy Actions
https://www.icpsr.umich.edu/web/ICPSR/studies/1270/termshttps://www.icpsr.umich.edu/web/ICPSR/studies/1270/terms
In January 2000, the Federal Open Market Committee (FOMC) instituted the practice of issuing a "balance of risks" statement along with their policy decision immediately following each FOMC meeting. The authors evaluate the use of the balance-of-risks statement and the market's interpretation of it. They find that the balance-of-risks statement is one of the factors that market participants use to determine the likelihood that the FOMC will adjust its target for the federal funds rate at their next meeting. Moreover, they find that, on some occasions, the FOMC behaved in such a way as to encourage the use of the balance-of-risks statement for this purpose. The clarifying statements that sometimes accompany these balance-of-risks statements, as well as general remarks made by the Chairman and other FOMC members, often provide additional useful information.