Money supply announcements and the market's perception of Federal Reserve policy.: An article from: Journal of Money, Credit & Banking

This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on May 1, 1990. The length of the article is 7189 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: This paper investigates the reason why innovations in money supply announcements cause interest rates to change. The paper empirically discriminates between the liquidity premium and the expected inflation hypotheses by directly taking into account investor expectations regarding the Federal Reserve's monetary policy stance. The results support the liquidity premium hypothesis, and the model provides an explanation for the observed time variation in the response of interest rates to money announcement surprises. (Printed by permission of the publisher.)

Citation Details
Title: Money supply announcements and the market's perception of Federal Reserve policy.
Author: Steven Strongin
Publication:Journal of Money, Credit & Banking (Refereed)
Date: May 1, 1990
Publisher: Ohio State University Press
Volume: v22 Issue: n2 Page: p135(19)

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