Arbeitspapier
The effectiveness of nonstandard monetary policy measures: Evidence from survey data
We assess the perception of professional forecasters regarding the effectiveness of unconventional monetary policy measures announced by the U.S. Federal Reserve after the collapse of Lehman Brothers. Using survey data collected at the individual level, we analyze the change in forecasts of Treasury and corporate bond yields around the announcement dates of nonstandard monetary policy measures. We find that professional forecasters expect bond yields to drop significantly for at least one year after the announcement of accommodative policies.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 752
- Klassifikation
-
Wirtschaft
Central Banks and Their Policies
Studies of Particular Policy Episodes
- Thema
-
Survey of Professional Forecasters
large-scale asset purchases
quantitative easing
Operation Twist
forward guidance
tapering
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Altavilla, Carlo
Giannone, Domenico
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2015
- 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
- Altavilla, Carlo
- Giannone, Domenico
- Federal Reserve Bank of New York
Entstanden
- 2015
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