Browsing Discussion papers of interdisciplinary research project 373 / Sonderforschungsbereich 373 by Subject "identification"

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2001-11-11Buch

Did the Fed Surprise the Markets in 2001?

Uhlig, Harald

In 2001, the Fed has lowered interest rates in a series of cuts, starting from 6.5 % at the end of 2000 to 2.0 % by early November. This paper asks, whether the Federal Reserve Bank has been surprising the markets, taking ...