Why are Long Rates Sensitive to Monetary Policy?

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

1980 • 25,774 citations

Common Factors Affecting Bond Returns

1991 • 1,873 citations

Specification Analysis of Affine Term Structure Models

2000 • 1,864 citations

A no-arbitrage vector autoregression of term structure dynamics with macroeconomic and latent variables

2003 • 1,742 citations

Inflation forecast targeting: Implementing and monitoring inflation targets

1997 • 1,700 citations

Monetary policy surprises and interest rates: Evidence from the Fed funds futures market

2001 • 1,699 citations

Federal Reserve Information and the Behavior of Interest Rates

2000 • 1,001 citations

The Sensitivity of Long-Term Interest Rates to Economic News: Evidence and Implications for Macroeconomic Models

2005 • 943 citations

On Stock Market Returns and Monetary Policy

1997 • 905 citations

Economic News and Bond Prices: Evidence from the U.S. Treasury Market

2001 • 904 citations

The impact of monetary policy on asset prices

2004 • 901 citations

The effect of changes in the federal funds rate target on market interest rates in the 1970s

1989 • 623 citations

The high-frequency response of exchange rates and interest rates to macroeconomic announcements

2006 • 439 citations

The Fed and Interest Rates—A High-Frequency Identification

2002 • 439 citations

Federal Reserve interest rate targeting, rational expectations, and the term structure

1995 • 417 citations

Solution and estimation of RE macromodels with optimal policy

1999 • 403 citations

Assessing Nominal Income Rules for Monetary Policy with Model and Data Uncertainty

2002 • 396 citations

Some Lessons from the Yield Curve

1995 • 385 citations

Federal Reserve interest rate targeting, rational expectations, and the term structure

1995 • 374 citations

Monetary policy and the term structure of nominal interest rates: Evidence and theory

1998 • 317 citations

Monetary Policy Surprises and Interest Rates: Evidence from the Fed Funds Futures Markets

2000 • 301 citations

Is Bank Supervision Central to Central Banking?

1999 • 238 citations

Monetary Policy and Market Interest Rates

2001 • 210 citations

A No-Arbitrage Vector Autoregression of Term Structure Dynamics with Macroeconomic and Latent Variables

1999 • 195 citations

Estimating the Euler Equation for Output

2002 • 191 citations

A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy

2004 • 182 citations

Estimating the Euler equation for output

2004 • 165 citations

A model of target changes and the term structure of interest rates

1997 • 164 citations

The policy preferences of the US Federal Reserve

2005 • 132 citations

The Excess Sensitivity of Long-Term Interest Rates: Evidence and Implications for Macroeconomic Models

2003 • 114 citations

The Effect of Changes in the Federal Funds Rate Target on Market Interest Rates in the 1970s

1988 • 107 citations

A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy

2003 • 100 citations

Do Federal Reserve Policy Surprises Reveal Superior Information about the Economy?

2004 • 97 citations

Economic News and the Yield Curve: Evidence from the U.S. Treasury Market

1998 • 77 citations

Is Banking Supervision Central to Central Banking?

1998 • 75 citations

Does the federal reserve possess an exploitable informational advantage?

2003 • 69 citations

Interest Rate Targeting and the Dynamics of Short-Term Rates

1998 • 60 citations

New‐Keynesian Models and Monetary Policy: A Re‐examination of the Stylized Facts*

2005 • 59 citations

The Policy Preferences of the U.S. Federal Reserve

2004 • 54 citations

The impact of the Federal Reserve Bank's open market operations

2002 • 49 citations

The reaction of interest rates to the employment report: the role of policy anticipations

1991 • 48 citations

Predicting monetary policy with federal funds futures prices

2001 • 46 citations

The Term Structure with Semi‐credible Targeting

2003 • 33 citations

Why are Long Rates Sensitive to Monetary Policy?

2004 • 33 citations

Monetary policy and long term interest rates in Germany

2002 • 28 citations

The response of the term structure of interest rates to federal funds rate target changes

1996 • 23 citations

The Implementation of Monetary Policy in Australia

1997 • 23 citations

The High-Frequency Response of Exchange Rates and Interest Rates to Macroeconomic Announcements

2003 • 21 citations

Interest Rate Targeting and the Dynamics of Short-Term Rates

1997 • 18 citations

Back from the brink: the Greenspan years

1997 • 17 citations

Predicting monetary policy with federal funds futures prices

2001 • 15 citations

Back from the brink : the Greenspan years

1996 • 12 citations

The Impact of the Federal Reserve Bank's Open Market Operations

2001 • 10 citations

New-Keynesian Models and Monetary Policy: A Reexamination of the Stylized Facts

2003 • 9 citations

The Term Structure with Semi-credible Targeting

2003 • 4 citations