Anticipations of Monetary Policy in Financial Markets

Discretion versus policy rules in practice

1993 • 9,049 citations

The Econometrics of Financial Markets

2012 • 6,595 citations

Computation and analysis of multiple structural change models

2002 • 5,096 citations

The Science of Monetary Policy: A New Keynesian Perspective

1999 • 5,015 citations

Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

2000 • 4,799 citations

Interest and Prices

2002 • 2,134 citations

Yield Spreads and Interest Rate Movements: A Bird's Eye View

1991 • 1,822 citations

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

2001 • 1,699 citations

The Information in Long-Maturity Forward Rates

1987 • 1,646 citations

Dividend Yields and Expected Stock Returns: Alternative Procedures for Inference and Measurement

1992 • 1,304 citations

Uncertainty and the effectiveness of policy

1967 • 1,049 citations

Term structure evidence on interest rate smoothing and monetary policy inertia

2002 • 791 citations

Optimal monetary policy inertia

1999 • 755 citations

The information in the term structure

1984 • 689 citations

What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules

2003 • 668 citations

Central Bank Transparency

2002 • 650 citations

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

1989 • 623 citations

The Changing Behavior of the Term Structure of Interest Rates

1986 • 513 citations

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

1995 • 417 citations

On biases in tests of the expectations hypothesis of the term structure of interest rates

1997 • 412 citations

Forward Rates and Future Policy: Interpreting the Term Structure of Interest Rates

1983 • 391 citations

Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence

2000 • 357 citations

The Conduct of Monetary Policy

1989 • 339 citations

Optimal Prediction Under Asymmetric Loss

1997 • 327 citations

Prediction with a Generalized Cost of Error Function

1969 • 312 citations

Multiple Structural Change Models: A Simulation Analysis

2006 • 287 citations

Market Anticipations of Monetary Policy Actions

2002 • 225 citations

Monetary Policy Shifts and Long-Term Interest Rates

1996 • 192 citations

The term structure of very short-term rates: New evidence for the expectations hypothesis

2000 • 190 citations

Which Kind of Transparency? On the Need for Clarity in Monetary Policy-Making

2000 • 189 citations

Does the fed act gradually? A VAR analysis

2000 • 163 citations

The Predictive Power of the Term Structure during Recent Monetary Regimes

1988 • 163 citations

Central bankers and uncertainty

1999 • 150 citations

The information in the term structure: Some further results

1988 • 137 citations

The Equilibrium Degree of Transparency and Control in Monetary Policy

1999 • 127 citations

Estimating the Open Market Desk's Daily Reaction Function

1993 • 108 citations

The Inflation Target Five Years On

1998 • 96 citations

Uncertainty, Learning, and Gradual Monetary Policy

1998 • 85 citations

Using the Term Structure of Interest Rates for Monetary Policy

1998 • 85 citations

Monetary policy surprises and the yield curve

2000 • 75 citations

Expectations and the Treasury Bill‐Federal Funds Rate Spread over Recent Monetary Policy Regimes

1990 • 63 citations

Making News: Financial Market Effects of Federal Reserve Disclosure Practices

2000 • 60 citations

Is the European Central Bank (and the United States Federal Reserve) Predictable?

2002 • 56 citations

Anticipations of Monetary Policy in Financial Markets

2001 • 49 citations

Assessing the impact of macroeconomic news announcements on securities prices under different monetary policy regimes

2001 • 47 citations

Will Valuation Ratios Revert to Historical Means?

2002 • 46 citations

Should Uncertain Monetary Policy-Makers Do Less?

1999 • 37 citations

Information and Uncertainty

2002 • 22 citations

Caution and gradualism in monetary policy under uncertainty

1999 • 19 citations

Structural uncertainty and breakpoint tests: an application to equilibrium velocity

2000 • 17 citations

The Bias in the Conventional Test of the Expectations Theory: Resolving the Anomalies at the Very Short End of the Term Structure

2000 • 6 citations