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Monetary Policy Actions, Macroeconomic Data Releases, and Inflation Expectations
Title
Monetary Policy Actions, Macroeconomic Data Releases, and Inflation Expectations [electronic resource] Kevin L. Kliesen, Frank A. Schmid
Edition
2004-08-12
Published
Ann Arbor, Mich. Inter-university Consortium for Political and Social Research [distributor] 2004
Physical Description
1 online resource
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Notes
Title from ICPSR DDI metadata of 2019-06-13.
United States
Type of File
Numeric
Access and use
Access restricted by licensing agreement.
AVAILABLE. This study is freely available to the general public.
Summary
This article analyzes how announced surprises in monetary policy actions and macroeconomic data releases affect the average rate of inflation that economic agents expect to prevail over the 10-year period following the surprise. The analysis also addresses the effect of Federal Reserve communication and surprises in monetary policy actions on perceived inflation risk over this 10-year period. The study shows that surprises in macroeconomic data releases and monetary policy actions indeed affect the expected rate of inflation. Further, there is evidence that surprises in monetary policy actions increase perceived inflation risk, whereas Federal Reserve communication reduces it.Cf: http://doi.org/10.3886/ICPSR01301.v1
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Format
Data Sets / Online
Language
English
Added to Catalog
June 14, 2019
Series
ICPSR 1301
Contents
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Genre/Form
Data sets.
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