How did the Fed respond to the stock market?

The appropriate role for equity prices in monetary policy deliberations has been hotly debated for some time. In this Discussion Paper from the Boston Fed the authors show that after controlling for the information that actually enters the FOMC's decision-making process, equity prices have had no independent effect on monetary policy.

Click here to read the article "How did the Fed respond to the stock market?" on the Federal Reserve Bank of Boston's web site

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.