Name: Finance and Economics Discussion Series: Using Federal Funds Futures Contracts for Monetary Policy Analysis (en Inglés)
Price: 113379.00 COP
Availability: InStock
Author: Gurkaynak, Refet S. ; United States Federal Reserve Board
ISBN: 9781288711536

portada Finance and Economics Discussion Series: Using Federal Funds Futures Contracts for Monetary Policy Analysis (en Inglés)

Formato

Libro Físico

Autor

United States Federal Reserve Board

Refet S. Gurkaynak

Editorial

Bibliogov

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

24.6 x 18.9 x 0.2 cm

Peso

0.08 kg.

ISBN13

9781288711536

Categorías

Política y gobierno

Finance and Economics Discussion Series: Using Federal Funds Futures Contracts for Monetary Policy Analysis (en Inglés)

United States Federal Reserve Board (Autor) · Refet S. Gurkaynak (Autor) · Bibliogov · Tapa Blanda

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Reseña del libro "Finance and Economics Discussion Series: Using Federal Funds Futures Contracts for Monetary Policy Analysis (en Inglés)"

Federal funds futures are popular tools for calculating market-based monetary policy surprises. These surprises are usually thought of as the difference between expected and realized federal funds target rates at the current FOMC meeting. This paper demonstrates the use of federal funds futures contracts to measure how FOMC announcements lead to changes in expected interest rates after future FOMC meetings. Using several 'surprises' at different horizons, timing, level, and slope components of unanticipated policy actions are defined. These three components have differing effects on asset prices that are not captured by the contemporaneous surprise measure.