How Did Professional Forecasters React to the August 2011 FOMC Statement?
From The Big Picture
January 10, 2013 - 6:00am
Making a Statement: How Did Professional Forecasters React to the August 2011 FOMC Statement? Richard Crump, Stefano Eusepi, and Emanuel Moench The Federal Open Market Committee (FOMC) statement released on August 9, 2011, was the first to incorporate language on “forward guidance” with an explicit date tied to the Committee’s expected path of monetary policy. In this [...]
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