Browsing by Author "Detmers, Gunda-Alexandra"

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2016-10-19Diskussionspapier

Forward Guidance under Disagreement

Evidence from the Fed's Dot Projections

Detmers, Gunda-Alexandra

This paper compares the effectiveness of date- and state-based forward guidance issued by the Federal Reserve since mid-2011 accounting for the influence of disagreement within the FOMC. Effectiveness is investigated through ...
2014-05-13Buch

Stale ForwardGuidance

Detmers, Gunda-Alexandra; Nautz, Dieter

An increasing number of central banks manage market expectations via interest rate projections. Typically, those projections are updated only quarterly and thus, may become stale when new information enters the market. We ...
2011-06-07Buch

The information content of central bank interest rate projections

Evidence from New Zealand

Detmers, Gunda-Alexandra; Nautz, Dieter

The Reserve Bank of New Zealand (RBNZ) has been the first central bank that began to publish interest rate projections in order to improve its guidance of monetary policy. This paper provides new evidence on the role of ...