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Perceptions about Monetary Policy
We estimate time-varying perceptions about the Fed’s monetary policy rule from cross-sectional survey data and document …
Michael D. Bauer, Carolin E. Pflueger, Adi Sunderam
PDF
A Reassessment of Monetary Policy Surprises and High-Frequency Identification
High-frequency changes in interest rates around FOMC announcements are an important tool for identifying the effects of monetary policy …
Michael D. Bauer, Eric T. Swanson
PDF NBER Working Paper CEPR Discussion Paper Conference Webseite Data FOMC Announcements
Interest Rate Skewness and Biased Beliefs
The conditional skewness of Treasury yields is an important indicator of the risks to the macroeconomic outlook. Positive skewness …
Michael D. Bauer, Mikhail Chernov
PDF NBER Working Paper CEPR Discussion Paper
An Alternative Explanation for the 'Fed Information Effect'
High-frequency changes in interest rates around FOMC announcements are astandard method of measuring monetary policy shocks. However, …
Michael D. Bauer, Eric T. Swanson
PDF Online Appendix FRBSF Working Paper NBER Working Paper