Arbeitspapier
Central bank information and private-sector expectations
Jarocinski and Karadi (2020) disentangle a pure information from the interest rate component of monetary policy surprises. This note quantifies the information revealed in FOMC announcements using forecast revisions from Blue Chip Economic Indicators. In response to a positive central bank information shock, survey participants revise their now- and short-term forecasts of real GDP growth upwards, while the corresponding revisions in the growth rate of the GDP de ator are mostly statistically insignificant.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2007
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Monetary Policy
General Outlook and Conditions
- Thema
-
Blue Chip Economic Indicators
Central bank information shocks
Forecast revisions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Güntner, Jochen
- Ereignis
-
Veröffentlichung
- (wer)
-
Johannes Kepler University of Linz, Department of Economics
- (wo)
-
Linz
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Güntner, Jochen
- Johannes Kepler University of Linz, Department of Economics
Entstanden
- 2020
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