Webb1 jan. 2024 · To quantitatively account for the cross-sectional announcement returns, we develop a model in which FOMC announcement surprises require risk compensation because they reveal the Fed’s private information about their interest-rate target, which affects the prospects for future economic growth. WebbRecovering the FOMC Risk Premium. Journal of Financial Economics, 2024, with Hong Liu and Guofu Zhou. The Federal Open Market Committee (FOMC) meetings have significant …
Fed Minutes Live: March FOMC Meeting Minutes Recap
Webb9 apr. 2024 · Recovering the FOMC risk premium pp. 45-68 Hong Liu, Xiaoxiao Tang and Guofu Zhou Bubbles and the value of innovation pp. 69-84 Valentin Haddad, Paul Ho and Erik Loualiche The pass-through of uncertainty shocks to households pp. 85-104 Marco Di Maggio, Amir Kermani, Rodney Ramcharan, Vincent Yao and Edison Yu Webb1 dec. 2024 · The Federal Open Market Committee (FOMC) meetings are among the most important economic events. We propose a novel method to recover the FOMC risk … lauren elman neurologist
Recovering the FOMC risk premium - ScienceDirect
WebbOne immediate implication of our hypothesis is that the FOMC result is not unique. As a premium for heightened uncertainty, this pattern of disproportionately large return can … Webbför 2 dagar sedan · FOMC minutes, US CPI events are weighing on the US Dollar. US Dollar bears are in the market and eye a break of temporary support. Bulls look for commitments for a correction from support. Webbnature of the narrow window allows for a better measurement of the risk premium, giving rise to the large pre-FOMC price drift documented in Lucca and Moench (2015). Moreover, the tighter the pre-FOMC window, the better the measure of the risk premium. This is also why, as reported by Lucca and Moench (2015), the pre-FOMC drift is signi cantly ... lauren elliott cozy mysteries