Comment on Central Bank announcements: Big news for little people? by Michael Lamla and Dmitri Vinogradov

• 成果类型: Editorial Material
• 署名作者: Binder, Carola Conces
• 署名单位: Haverford College
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2019.08.013
• 发表日期: 2019
• 页码: 39-44
• 关键词: central bank communication; Federal Reserve; Inflation expectations; Interest rate expectations; Federal Open Market Committee

摘要

Lamla and Vinogradov study the causal effect of central bank announcements on consumers' expectations and perceptions by conducting a new series of surveys. I discuss the key empirical results of the paper, supplement their results with evidence of news coverage patterns surrounding Federal Open Market Committee meetings, and provide suggestions for future research using the authors' novel dataset. (C) 2019 Elsevier B.V. All rights reserved.