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Does the Fed Care about What’s Going On in the Rest of the World
Ferrara and De Roux actually pose the question more tactfully, in their paper (Capturing international influences in U.S. monetary policy through a NLP approach) presented at the ISF meetings here in Charlottesville. They look to see if in the FOMC minutes, international economic issues are mentioned in a way that, when converted to an index, shows up as statistically significant in a Taylor equation, and provide the answer “yes”. First the “International Attention Index”: chart Next, the regression of fed funds rate on lag, nominal interest rate, PCE gap and output gap, augmented with the International ... (full story)
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- Jun 28, 2023 4:17am Jun 28, 2023 4:17am
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atillaken
- | Joined Sep 2018 | Status: Member | 358 Comments
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- Jun 28, 2023 4:26am Jun 28, 2023 4:26am
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OnlineAddict
- Joined May 2014 | Status: From1toMillion | 3234 Comments
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return:
11,001.0%
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- Jun 28, 2023 4:50am Jun 28, 2023 4:50am
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goldenmike
- | Joined Apr 2020 | Status: Member | 89 Comments