Forecasters expected ‘significant’ drop in bond yields in wake of Fed easing, paper finds
Staff report published by the New York Fed examine how predictions were revised
Unconventional monetary policy measures employed by the Federal Reserve in the wake of Lehman Brothers' collapse "effectively and persistently influenced market expectations", research published by the Federal Reserve Bank of New York suggests.
In The effectiveness of nonstandard monetary policy measures: evidence from survey data, Carlo Altavilla and Domenico Giannone use survey data to assess how professional forecasters revised their predictions of Treasury and corporate bond yields around
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