Matches in SemOpenAlex for { <https://semopenalex.org/work/W2891444540> ?p ?o ?g. }
- W2891444540 endingPage "153" @default.
- W2891444540 startingPage "139" @default.
- W2891444540 abstract "We examine the degree and sources of disagreement between the members of the Federal Open Market Committee (FOMC) and the Federal Reserve’s (Fed’s) staff about the appropriate policy rate for the period 1994–2012. For that purpose, we compute a recommended interest rate for the Fed’s staff based on its own Greenbook forecasts and a time-varying monetary policy rule à la Taylor (1993), and compare it with the actual target rate. First, we find that there has been internal disagreement between FOMC members and the Fed’s staff about the appropriate policy rate. Second, we reveal that members with an occupational background in finance favor a relatively more hawkish monetary policy. In addition, a preference towards a tighter monetary policy is found under a Democratic President and during Alan Greenspan’s tenure as the Fed’s Chairman. Finally, higher oil prices, a low degree of uncertainty, and episodes of financial stability are also associated with higher interest rates as compared to the Fed staff’s recommendation." @default.
- W2891444540 created "2018-09-27" @default.
- W2891444540 creator A5055638065 @default.
- W2891444540 creator A5061828039 @default.
- W2891444540 creator A5074550534 @default.
- W2891444540 date "2018-12-01" @default.
- W2891444540 modified "2023-10-16" @default.
- W2891444540 title "Disagreement between FOMC members and the Fed’s staff: New insights based on a counterfactual interest rate" @default.
- W2891444540 cites W1963515779 @default.
- W2891444540 cites W1968094009 @default.
- W2891444540 cites W1980320150 @default.
- W2891444540 cites W2034150962 @default.
- W2891444540 cites W2038991042 @default.
- W2891444540 cites W2042436347 @default.
- W2891444540 cites W2043397894 @default.
- W2891444540 cites W2046847479 @default.
- W2891444540 cites W2055465633 @default.
- W2891444540 cites W2057128694 @default.
- W2891444540 cites W2058369715 @default.
- W2891444540 cites W2060485815 @default.
- W2891444540 cites W2071305611 @default.
- W2891444540 cites W2082906912 @default.
- W2891444540 cites W2089461346 @default.
- W2891444540 cites W2099634856 @default.
- W2891444540 cites W2101084393 @default.
- W2891444540 cites W2128077951 @default.
- W2891444540 cites W2140898820 @default.
- W2891444540 cites W2144836007 @default.
- W2891444540 cites W2152630334 @default.
- W2891444540 cites W2155568648 @default.
- W2891444540 cites W2751486731 @default.
- W2891444540 cites W2954348793 @default.
- W2891444540 cites W3121238527 @default.
- W2891444540 cites W3121663175 @default.
- W2891444540 cites W3121710233 @default.
- W2891444540 cites W3121722776 @default.
- W2891444540 cites W3121806719 @default.
- W2891444540 cites W3124396739 @default.
- W2891444540 cites W3125140069 @default.
- W2891444540 cites W3125279476 @default.
- W2891444540 cites W3125912523 @default.
- W2891444540 cites W3126081245 @default.
- W2891444540 doi "https://doi.org/10.1016/j.jmacro.2018.09.002" @default.
- W2891444540 hasPublicationYear "2018" @default.
- W2891444540 type Work @default.
- W2891444540 sameAs 2891444540 @default.
- W2891444540 citedByCount "6" @default.
- W2891444540 countsByYear W28914445402020 @default.
- W2891444540 countsByYear W28914445402021 @default.
- W2891444540 countsByYear W28914445402022 @default.
- W2891444540 countsByYear W28914445402023 @default.
- W2891444540 crossrefType "journal-article" @default.
- W2891444540 hasAuthorship W2891444540A5055638065 @default.
- W2891444540 hasAuthorship W2891444540A5061828039 @default.
- W2891444540 hasAuthorship W2891444540A5074550534 @default.
- W2891444540 hasConcept C108650721 @default.
- W2891444540 hasConcept C126285488 @default.
- W2891444540 hasConcept C15744967 @default.
- W2891444540 hasConcept C162324750 @default.
- W2891444540 hasConcept C175025494 @default.
- W2891444540 hasConcept C189722922 @default.
- W2891444540 hasConcept C2778222704 @default.
- W2891444540 hasConcept C2778333325 @default.
- W2891444540 hasConcept C2992337254 @default.
- W2891444540 hasConcept C2992735868 @default.
- W2891444540 hasConcept C556758197 @default.
- W2891444540 hasConcept C73283319 @default.
- W2891444540 hasConcept C77805123 @default.
- W2891444540 hasConceptScore W2891444540C108650721 @default.
- W2891444540 hasConceptScore W2891444540C126285488 @default.
- W2891444540 hasConceptScore W2891444540C15744967 @default.
- W2891444540 hasConceptScore W2891444540C162324750 @default.
- W2891444540 hasConceptScore W2891444540C175025494 @default.
- W2891444540 hasConceptScore W2891444540C189722922 @default.
- W2891444540 hasConceptScore W2891444540C2778222704 @default.
- W2891444540 hasConceptScore W2891444540C2778333325 @default.
- W2891444540 hasConceptScore W2891444540C2992337254 @default.
- W2891444540 hasConceptScore W2891444540C2992735868 @default.
- W2891444540 hasConceptScore W2891444540C556758197 @default.
- W2891444540 hasConceptScore W2891444540C73283319 @default.
- W2891444540 hasConceptScore W2891444540C77805123 @default.
- W2891444540 hasLocation W28914445401 @default.
- W2891444540 hasLocation W28914445402 @default.
- W2891444540 hasLocation W28914445403 @default.
- W2891444540 hasOpenAccess W2891444540 @default.
- W2891444540 hasPrimaryLocation W28914445401 @default.
- W2891444540 hasRelatedWork W1514049431 @default.
- W2891444540 hasRelatedWork W1544668906 @default.
- W2891444540 hasRelatedWork W2098879838 @default.
- W2891444540 hasRelatedWork W2112817319 @default.
- W2891444540 hasRelatedWork W2773500306 @default.
- W2891444540 hasRelatedWork W2784631619 @default.
- W2891444540 hasRelatedWork W2891444540 @default.
- W2891444540 hasRelatedWork W3122497578 @default.
- W2891444540 hasRelatedWork W3144231949 @default.
- W2891444540 hasRelatedWork W59523051 @default.
- W2891444540 hasVolume "58" @default.
- W2891444540 isParatext "false" @default.